The company has now raised some $150 million and while it’s not disclosing valuation, CEO and co-founder Michał Borkowski confirmed it is “definitely” an up round for the company. For more context, PitchBook estimates that the company was valued at $180 million in its last round, a Series C of $30 million in 2019.
That C round was specifically raised to help Brainly expand in the United States. It currently has 30 million users in that market and is the only one where Brainly is monetizing users. Brainly is currently free to use everywhere else. (There are some formidable competitors in the United States, such as Chegg, which has strong traction in the market of assisting students with homework, with 74% of Chegg's user spend concentrated in that single country.)
"Brainly has grown to become one of the world's largest learning communities, with significant organic growth in over 35 countries," said Vinit Sukhija, partner at Learn Capital.
Learn more about "Brainly" here https://brainly.com/question/26104805
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