Point Nine Capital in $14m funding round for Brainly

The latest funding round brings total funding since the company was established in 2009 to $38.5m. Other participants in the round include Kulczyk Investments, as well as existing backers Naspers, General Catalyst Partners and Runa Capital.

The company intends to continue to expand globally, as well as bolster its product team, which will focus on developing personalised learning features for the platform.

Previous funding
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.

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

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. It has around 100 monthly users and operates across 35 countries.

The company acquired OpenStudy in 2016 in order to expand its resources for students, parents and teachers outside the classroom.

People
Brainly – Michal Borkowski (CEO).

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• Topics
• Expansion
• CEE
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• Point Nine Capital