Tuesday
December 22
2020

Brainly Raises $80 Million as Its Platform for Crowdsourced Homework Help Balloons to 350 Million Users

By Ingrid Lunden

The COVID-19 pandemic has led to a major upswing in virtual learning — where some schools have gone (and stayed) remote, and others have incorporated significantly stronger online components in order to help communities maintain more social distancing. That has in turn led to a surge in the usage of tools to help home learners do their work better, and today, one of them is announcing a growth round that speaks to the opportunity in that market.

Brainly, a startup from Poland that has built a popular network for students and their parents to engage with each other for advice and help with homework questions, has raised $80 million, a series D that it will be using both to continue building out the tools that it offers to students as well as to home in on expansion in some key emerging markets such as Indonesia and Brazil. The news comes on the heels of dramatic growth for the company, which has seen its user base grow from 150 million users in 2019 to 350 million today.

Photo courtesy of Siyavula Education.

Source: TechCrunch (link opens in a new window)

Categories
Education
Tags
capital, coronavirus, education, social impact, startups, sustainability, technology