The creators of Krakow's online educational platform have reason to celebrate - they closed one of the biggest investment rounds this year.
Brainly in round D received USD 80 million. Venture capital funds (VC) have invested: Learn Capital, Prosus Ventures, Runa Capital, General Catalyst Partners and Sebastian Kulczyk MantaRay. They have already supported the project. Michał Gwiazdowski, Managing Director of Brainly in Poland, reveals that the round was initiated by Learn Capital, focused on educational products, and the others followed. Start-up this year did not plan to be active in this area, so there are no new investors among the financiers.
Brainly is a place to learn, for students, by students. It is the largest social learning community in the world, bringing together middle and high school students to make learning outside the classroom highly engaging, effective and rewarding. Pupils connect with their peers to help them strengthen their skills, from mathematics to science to history and beyond.
Founded in 2009, Brainly is one of the most promising and fastest growing online companies in the EdTech space, with over 200 million users per month. Headquartered in New York and Krakow, Brainly is currently available in more than 35 countries. In 2016 and 2017. Brainly closed $15 million + $14 million B-series financing, led by Naspers and Kulczyk Investments, to receive total financing from current investors, including General Catalyst Partners, Point Nine Capital, Runa Capital and Learn Capital, of $38.5 million.