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He started to see the potential for online language tutoring as a viable business model, since online lessons were cheaper than in-person lessons and class schedules were more flexible. In the summer of 2012, Bigai, Voloshyn and Lukyanov founded the online language learning startup Preply. Last month, Preply raised a $70 million Series C extension round with a combination of debt and equity led by Horizon Capital. Reach Capital, Hoxton Ventures and Owl Ventures, which led its previous $50 million Series C in 2022, also participated. The company's successful fundraising comes after a difficult year personally for the Preply team.
Persons: Preply, Kirill Bigai, Dmytro Voloshyn, Sergey Lukyanov, Bigai, Lukyanov, James Kim Organizations: Preply, Horizon Capital, Morning, Skype, Horizon, Reach, Hoxton Ventures, Owl Ventures, Datadog, Bain, Reach Capital Locations: Ukraine, Boston, Texas, Barcelona, Kyiv, Berlin, Czech, Russia
[1/5] TANAKA whose real name is Kim Kyung-wook, speaks during an interview with Reuters in Seoul, South Korea, May 16, 2023. Now Kim exemplifies the changing attitudes of young Koreans as ties with Japan thaw. DEMAND REBOUNDThe quarrels are being left behind as the enthusiasm of young Koreans fuels a sharp rebound in demand for Japanese consumer products. That compared with a 90% drop in imports of Japanese beer in 2019, when the intensifying feuds made it an early target of a sweeping boycott. "China is clearly less preferred than countries like the United States and Japan," Kim said, citing Beijing's curbs on freedom in Hong Kong and during the COVID-19 pandemic.
Persons: TANAKA, Kim Kyung, Kim Hong, Ji, Jeong, Tanaka, idolises, I've, it's, Kim, Fumio Kishida, Yoon Suk, James Kim, Hyonhee Shin, Heekyong Yang, Jimin Jung, Daewoung Kim, Clarence Fernandez Organizations: Reuters, REUTERS, South, Korea's, Relations, Asahi Group Holdings, Costco, Hankook Research, Asan Institute, Policy Studies, Thomson Locations: Seoul, South Korea, Ji SEOUL, South Korean, Japan, Tokyo, Korean, China, Russia, North Korea, United States, Hong Kong
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSingapore and Hong Kong had a head start as business hubs but South Korea evolved fast: AmCham KoreaJames Kim of the American Chamber of Commerce in Korea says South Korea is a "great country" for foreign investors.
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