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Naspers invests a further R422m in Polish learning company Brainly

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Brainly says the latest round of funding will be used to enhance its user experience and create the next generation of the platform

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.

 

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