Ukrainian-founded Preply Extends Leadership in Language Learning with First U.S. Office, Fresh Branding, and Two C-Suite Additions
NEW YORK, Oct. 25, 2023 /PRNewswire/ -- Preply, a leading online learning marketplace, today announced a company rebrand and the appointment of two C-suite executives as it establishes its first office in the U.S. in New York City. The global online language learning market is set to reach $47 billion by 2025, due to globalization, technological advancements, and rising demand for bilingualism, all of which drive the demand for innovative language education solutions. With over 600 employees of 60 nationalities across New York, Kyiv and Barcelona, Preply has become a global e-learning powerhouse that connects 40,000 tutors with the world's largest live language learning community in 180 countries. Preply revenues have grown tenfold over the last three years with this latest activity signifying the company's doubling down to extend category leadership in what is already its largest market.
- Kingkade will drive the company's efforts to transform communications and culture through language at organizations across the world.
- We believe that by strengthening our brand, we better serve everyone's language learning needs and aspirations," said Sofia Tavares, Chief Brand Officer of Preply.
- The New York City location was chosen as a large number of multinational corporations are based in the Northeast.
- The new office, The Malin , is now open, located at 134 Charles Street in the heart of New York's West Village.