KPMG in Ukraine has acted as a financial, tax, legal and IT advisor to Horizon Capital in connection with its investment in Preply, one of the largest Ukrainian-founded EdTech startups.
Horizon Capital led Preply's $70 million capital raise with a combination of debt and equity, also backed by Reach Capital, Hoxton Ventures, and other existing investors. This transaction marks the first investment from Horizon Capital’s latest fund, Horizon Capital Growth Fund IV, which is focused on tech and export-oriented companies of Ukraine and Moldova.
The team of experts of KPMG in Ukraine performed financial due diligence, tax and legal due diligence, assessed software engineering processes, IT Architecture, business resilience, enterprise risk management, cyber maturity, incident response, employee awareness and data privacy. KPMG team advising Horizon Capital was led by Svitlana Shcherbatyuk, Yuriy Katser, Oksana Olekhova and Alex Yankovskyi.
Preply background:
Preply is an online language tutoring platform. Since its founding in 2012, Preply has grown to 500 employees, with over 35,000 online tutors teaching 50 languages worldwide, and offices in Barcelona, Boston, and Kyiv.
The latest investment will help developing more products that use generative AI.
