Brainly, the online learning platform, has raised $80M in Series D funding from investors that include General Catalyst, Point Nine, Learn Capital, Runa Capital, and Prosus Ventures. Founded by Lukasz Haluch, Micha Borkowski, and Tomasz Kraus in 2009, Brainly has now raised a total of $148.5M in reported equity funding.
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Brainly raises $80mn in Series D round led by Learn Capital
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Brainly, a NYC-based online learning platform, closed an $80M Series D funding round.
The round was led by existing investor, Learn Capital and included Prosus Ventures, Runa Capital, MantaRay, and General Catalyst Partners. Total funds raised to date is approximately $150M.
The company intends to use the funds to bring new products to the community for both students and their parents and expand its presence in Brazil and Indonesia, two high-growth markets.
Michał Borkowski, CEO and co-founder of Brainly provides an online learning platform where students and parents go from questioning to understanding. At brainly.com, and its group of websites and apps around the world, students connect their peers and experts to both receive and offer help with homework problems and questions.
The shift to online learning caused by Covid-19 has been a boon for edtech start-ups such as Poland’s Brainly, which has just closed a major new funding round that will help it expand in emerging markets.
Brainly, a start-up from Poland that has built a popular network for students and their parents to engage with each other for advice and help with homework questions, has raised 80 million US dollars in a series D round. The new money will be used both to continue building out the tools that it offers to students as well as to boost expansion in key emerging markets such as Indonesia and Brazil.
[Funding alert] Polish edtech startup Brainly raises $80M in Series D Round from Learn Capital, others
Edtech startup Brainly has raised $80 million in a Series D round, bringing its total funding up to $150 million. The platform has 55 million users in India.
0 claps Brainly has raised
$80 million in a Series D round led by Learn Capital with participation from Prosus Ventures and General Catalyst Partners. The startup s existing investors Runa Capital and MantaRay also joined the round.
Brainly plans to use the funds to expand its product portfolio across India, and strengthen its presence in high-growth markets like Brazil and Indonesia.
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