Learn Capital leads $80m series-D round for Brainly

The firm, an existing Brainly investor, was joined by Prosus Ventures, Runa Capital, MantaRay and General Catalyst Partners.

Funds from the round will be used to bring new products to the Brainly community for both students and their parents, according to a statement. It will also expand its presence in Brazil and Indonesia.

Previous funding
In September 2012, Point Nine took part in a $500,000 funding round for Brainly alongside several private investors.

General Catalyst led a $9m series-A round for Brainly in 2014, alongside Runa, Point Nine and Learn Capital. Brainly used the funds to open an office in New York and hire a US-based team.

Point Nine Capital took part in a $14m third funding round for Brainly in October 2017. Other participants in the round included Kulczyk Investments, as well as existing backers Naspers, General Catalyst Partners and Runa Capital.

Naspers led a $30m round for the company in July 2019, which saw participation from MantaRay.

Company
Founded in 2009 and headquartered in Krakow, Brainly operates a social learning network, designed to allow students to ask questions and help each other with homework.

People
Learn Capital - Vinit Sukhija (partner).

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