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Language lesson marketplace Preply closed $10 million just before COVID-19 hit and is now seeing a 50% spike in business

Posted On: 30 Mar 2020   |   Posted By: Business Insider

Language lesson marketplace Preply closed $10 million just before COVID-19 hit and is now seeing a 50% spike in business

Language learning marketplace Preply has raised $10 million in funding, as it sees demand spike 50% for language tutors amid COVID-19 lockdowns.
Preply pairs anyone looking to brush up their language skills with a relevant tutor, and schedules lessons and provides a virtual classroom.
Preply CEO Kirill Bigai said demand had spiked in countries experiencing longer lockdowns, with bookings in Italy tripling since February.
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European language learning platform Preply has raised $10 million in funding, and says demand for lessons has doubled as more countries move towards long lockdown periods.
The round was led by London's Hoxton Ventures, with Point Nine Capital, The Family, and angel backers including Unity founder David Helgason, Booking founder Arthur Kosten, and Couchsurfing founder Daniel Hoffen all participating.
Preply is a marketplace that pairs students wanting to brush up their language skills with tutors able to offer coaching via a "virtual...

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