Ending Soon! Save 33% on All Access

Brainly Closes $80 Mn In Series D Round Led By Learn Capital The fresh funds will be utilized to bring new products to the Brainly community for both students and their parents and expand in Brazil and Indonesia

By Debarghya Sil

You're reading Entrepreneur Asia Pacific, an international franchise of Entrepreneur Media.

Pixabay
Representational

New York-headquartered Brainly, a learning platform, has announced that it has completed raising $80 million in Series D round of funding led by existing investors such as Learn Capital and included Prosus Ventures, Runa Capital, MantaRay, and General Catalyst Partners. So far the firm has raised around $150 million in funding.

The fresh funds will be utilized to bring new products to the Brainly community for both students and their parents. Globally, Brainly will expand its presence in Brazil and Indonesia.

Founded in 2010 by Michal Borkowski, the edtech company was established to directly support students and their parents. 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.

Vinit Sujhija, partner at Learn Capital said that Brainly has become one of the world's largest learning communities, achieving significant organic growth in over 35 countries.

"This growth is a testament to the strength of the community and a user experience that enables students and families to succeed given their varied learning needs. Learn Capital is excited to support the Brainly team as it executes on an ambitious product roadmap en route to becoming a household name, both in the United States and around the world," he added.

Commenting on the growth, Borkowski said, " While Brainly has demonstrated a high rate of growth for years, over the past six months, we have achieved growth milestones that we had projected to hit over the next few years. We receive immensely positive feedback from students, parents, and teachers using Brainly, so there are no signs of this growth slowing down anytime soon."

The edtech platform is being used by more than 350 million students, parents, teachers every month. The firm has noted that since April, its user base has shot up by 75 per cent.

Debarghya Sil

Entrepreneur Staff

Former Correspondent

Career

Why Entrepreneur Stands Against the PRO Act

The Protecting the Right to Organize Act could do lasting harm to the small-business and franchise community.

Fundraising

Why Women Entrepreneurs Have a Harder Time Finding Funding

Intentional or not, most investors are more likely to give money to males. That needs to change.

Business News

Apple iPhone 7 Users May Be Owed a Slice of a $35 Million Settlement — Here's How to Claim Your Share

Previous (and current, no judgment) iPhone 7 users may be entitled to up to $349. The deadline to file a claim is June 3.

Career

What Lawmakers Don't Understand About the PRO Act, According to Franchise Owners

Lawmakers are confused about what franchising is, and are threatening the whole business model with a bad bill, experts say.

Marketing

Want to Elevate Your SEO Strategy? Here Are 4 Emerging Link-Building Trends You Need to Know About.

In the ever-evolving landscape of SEO, mastering link building is paramount for staying ahead. Explore the emerging trends shaping SEO strategies in 2024.