Brainly Closes $80M in Series D Funding Round

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.

It is used by more than 350M students, parents, and teachers every month, 30M of which are based in the United States.

FinSMEs

17/12/2020