Funding round
Preply Series D
Preply, which works in online language tutoring services in Brookline, raised $150M in a Series D round announced on 21 Jan 2026, led by WestCap and Westcap, at a $1.20B post-money valuation. 11 firms took part. It is Preply's fourth venture round on record; the one before was a Series C in Jul 2023.
$150M
Amount raised
$1.20B
Post-money valuation
$1.05B pre-money
11
Investors
2 leads
13%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Preply at $1.20B after the new money. The $150M bought investors about 13% of the company. It came 30 months after Preply's Series C. It is 59% of the $256M Preply has raised in the venture rounds on record. No later venture round is on record for Preply.
Preply's funding rounds
Preply has 4 venture rounds on record and 2 other deals. This one is highlighted.
- Seed 7 Jun 2016, led by He Dgehog Fund $1.3M
- Other not a venture round 30 Mar 2020, led by Hoxton Ventures $10M
- Series B 9 Mar 2021, led by Owl Ventures and Full In $35M
- Other not a venture round 1 Mar 2022 $50M
- Series C 19 Jul 2023, led by Horizon Capital $70M
- Series D this round 21 Jan 2026, led by WestCap and Westcap $150M$1.20B post-money
Investors
Who put money in
WestCap and Westcap led the round with 9 other firms.
Lead investors
- WestCap backs 36 venture-backed companies new investor
Also in the round
- Goldman Sachs backs 218 venture-backed companies new investor
- backs 30 venture-backed companies new investor
- backs 10 venture-backed companies new investor
- backs 25 venture-backed companies new investor
- Hoxton Ventures backs 50 venture-backed companies new investor
- backs 17 venture-backed companies new investor
- backs 2 venture-backed companies new investor
- backs 10 venture-backed companies
- backs 9 venture-backed companies new investor
Joined the board: Allen Mask (WestCap).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| ClickHouse Tech Companies | 16 Jan 2026 | $400M | $15.00B | Dragoneer Investment Group |
| Parloa Tech Companies | 15 Jan 2026 | $350M | $3.00B | General Catalyst |
| Pharmaceutical Products | 22 Jan 2026 | $287M | not disclosed | not named |
| Cellares Pharmaceutical Products | 28 Jan 2026 | $257M | not disclosed | BlackRock and Eclipse |
| Decagon Software Development Services | 27 Jan 2026 | $250M | $4.50B | Coatue and Index Ventures |
| Psychologists & Counseling Services | 22 Jan 2026 | $220M | not disclosed | Kinnevik |
| VulcanForms Metal Fabrication Services | 30 Jan 2026 | $220M | not disclosed | Eclipse and 1789 Capital |
| WeLab Banks & ATMs | 15 Jan 2026 | $220M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Preply raise in its Series D round?
Preply raised $150M in its Series D round, announced in Jan 2026.
Who led Preply's Series D round?
WestCap and Westcap led it, with Goldman Sachs, European Bank for Reconstruction and Development, Horizon Capital, Indico Capital Partners and Hoxton Ventures and 4 more.
What was Preply's valuation at the Series D round?
$1.20B post-money ($1.05B pre-money).