Polish EdTech Company Brainly Raises $30M for Deeper US Push

Polish education technology startup Brainly has raised $30 million (€26.9m) in a Series C funding round led by Naspers. The round was also participated by Runa Capital and Manta Ray.

The peer-to-peer learning network company plans to use the investment to push deeper into the US market.

Founded in 2009, Brainly provides a platform where middle and high school students can ask each other for homework help. It has 150 million users, mainly in the US, India, Indonesia, Russia, Turkey, Brazil and Poland.

The Krakow-based company is one of a number of startups that wants to be at the forefront of disrupting the $250 billion global education market. “Our big belief is that education is a market that has yet to be disrupted by technology,” says Michal Borkowski, chief executive and co-founder of Brainly.

Around 10-15% of US middle and high school students currently use Brainly, but Borkowski is keen to extend this dramatically. He says,

“We really want to double down on the US market now. Our goal is to extend…access to every one of the 76 million US students and beyond, giving them the resources and the tools to succeed and inspire collaborative learning. This funding allows us to do just that.”

Brainly has plans to generate revenue and is working on testing product and trying to understand what makes parents willing to pay for their service.

“We are still early in our monetization plans, and we are working on understanding the parent market. We are doing a lot of product testing and trying to understand what makes them willing to pay for the service. The funding will let us go faster on that.”

While European edtech fundraising pales in comparison with Asian rivals, Borkowski says he is not concerned about competition. He points out that the global education market has plenty of space saying “There are about 1 billion students worldwide, plus their parents and teachers, so all together it is an area important to at least half of the global population. It is a big opportunity.”

Meanwhile, the latest funding round brings the amount raised by Brainly to $68.5m (€61.5m) making it the second best-funded edtech company in Europe. Hope, the latest investment will enable the company to expand further in providing resources and tools to the learners.

About the Author
Author: Stephen Soulunii
Stephen Soulunii No more a student, but love to learn. Not a teacher, but care about how students are taught. Not an educator, but want everyone to be educated. Not a social worker, but desire to see change. Not a reformer, but always want to see a better world. The author believes that only sound education can bring a better future, better world and technology can help achieve a lot in this field.

Like what we do?

The Latest EdTech News To Your Inbox

Follow us:



Latest EdTech News To Your Inbox

About ETR Community

EdTechReview (ETR) is a community of and for everyone involved in education technology to connect and collaborate both online and offline to discover, learn, utilize and share about the best ways technology can improve learning, teaching, and leading in the 21st century.

EdTechReview spreads awareness on education technology and its role in 21st century education through best research and practices of using technology in education, and by facilitating events, training, professional development, and consultation in its adoption and implementation.


-> Read More

Join the EdTech Community

Subscribe and Join the 100,000+ members who trust us...

I find every news, reviews very informative and interesting. This site is indeed a great site for both teachers and learners. Thanks to EdTech for creating such an enriching site on education. Hats off!!
- Regin Brown, Educationist and Blogger, United Kingdom

My group likes this site because it's so up-to-date and has tons of relevant articles.
- Angela Giuliano, Teacher, New Mexico

Your write ups and articles ignites the minds making them receptive to the whole new wealth of EdTech.
- Jagat Rana, Parent, India

EdTechReview has some great resources for teachers who need to get some ideas about technology in the classroom.
- Loretta Wideman,Teacher, East Africa

EdTechReview keeps educators up to date with trending tech savvy terms relative to the discipline.
- Dr. Ingrid Rizzolo,Education Professional, Curriculum and Instruction Designer, New York City Area

-> Read More

Go to Our Client List

Adobe Avaya Bettasia Bonio Campus Management CK12 CKS Evernote IBM Intel IQPC Kidzania McGraw Hill Moodle Moot USC Rossier CMR University The British School Canadian International School Pathways Ridge Valley

Subscribe to our Newsletters...