Online learning platform for students and parents Brainly has raised $80 million in its Series D funding round – led by Learn Capital.
Brainly has raised $150 million to date.
Brainly has received participation from Prosus Ventures as well as General Catalyst Partners along with the platform’s existing investors including Runa Capital and MantaRay.
Brainly will utilize the funds to introduce new products for both Indian students and their parents while also enhancing its business footprint across Brazil and Indonesia, two high-growth markets.
“We recognized that students require a peer-to-peer learning platform. The growth of this model has accelerated as a result of the pandemic, forever changing the way students learn,” Michal Borkowski, CEO and co-founder of Brainly, said.
This Polish startup was established to directly support students and their parents, as opposed to most educational technology companies that have built solutions to serve middle school and high school students which cater to educational institutions.
The online learning platform has more than 350 million unique users every month, out of which, 55 million are from India and 30 million from the United States. Since April 2020, its user base has increased by more than 75 percent.
The platform also has large communities spread across the US, Russia, Indonesia, Brazil and Latin America, amongst others.
Brainly helps students to resolve their queries in core academic subjects including mathematics, science, social studies, and languages such as Hindi, English and others.
