Naspers invests a further R422m in Polish learning company Brainly

Africa's largest publicly listed company has been on a strong investment drive in 2019. Picture: BLOOMBERG

Combined with Brainly’s previous funding rounds, the latest investment brings total funding to $68.5m. The funding is with participation from Runa Capital and Manta Ray. his round of funding will be used to enhance its user experience and create the next generation of the platform. Additionally, funds will help expand its user base in the US, a key market for the company.

"Brainly has the potential to serve the needs of hundreds of millions of students around the world," he said. Brainly CEO and co-founder Michał Borkowski said:"Our goal is to extend that access to every one of the 76-million US students and beyond, giving them the resources and the tools to succeed and inspire collaborative learning."Every student struggles with schoolwork at some point. But never before has there been such widespread access and opportunity for students to learn from one another," said Borkowski.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

BUSINESS MAVERICK: Naspers’ Amsterdam listing elicits taxing questionsA kerfuffle has broken out among asset management companies about a scheme to avoid the immediate payment of capital gains tax in the process of Naspers’ listing in Amsterdam. Some say it’s tax avoidance rather than tax evasion. Others say it’s risky and opens shareholders to a tax challenge, so they are advising their clients to not do it. It shows Naspers shareholders face more than one tricky choice they should consider carefully.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »

BUSINESS MAVERICK: Why investing in high-flying Kumba may not be a good ideaThe iron ore producer has delivered stellar results, is cash-flush and it gives most of it back to shareholders. Its stock price has also been one of the best performers on the JSE over the past six months. But, despite this, the stock is not on many analysts’ shopping lists. DURITZ79 Hebbana...dis People they are on a mission....
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »