
General Catalyst leads $9m series-A in Brainly
General Catalyst Partners has led a $9m series-A round for Brainly, the Polish operator of a social learning network, alongside Runa Capital, Point Nine Capital and Learn Capital.
Runa, a new backer of the company, invested via its new $200m Runa Capital II fund, which held its first close in June.
Brainly plans on using the funds to expand its US operations by opening a new office in New York. The company is hiring a US-based executive team to head up the new base, including a vice president of marketing, vice president of product and vice president of user experience.
Previous funding
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 for students, designed to allow students to ask questions and help each other with homework.
The company's service is now available in 35 countries across Europe, South America and Asia, including Russia, the Philippines and Brazil. Brainly claims to have around 30 million unique monthly users and says that 8,000 questions are asked on the Brainly sites per hour.
People
Michal Borkowski is the CEO of Brainly. General Catalyst principal Nitesh Banta and managing director Adam Valkin have joined the company's board of directors. Andre Bliznyuk is a partner at Runa.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater