Founded in 2009 in Krakow, quora-style crowdsourced homework assistance app, Brainly is considered as one of the most successful startups of the city. After securing the staggering 14 million USD in funding just two years ago, the company has now raised another $30 million with the help of tech investor, Naspers; Runa Capital and Manta Ray. So far, the company has raised $68.5 million and boasts of valuation of $134 million.
Company’s user base is spread out over 35 countries with a total of 150 million users. Company’s co-founder, Michał Borkowski, who currently lives in New York, plans to use the fresh pump of funds to make headway in the US market. Less than 15% of Brainly’s users are in the US but with more than 76 million students in the country, Borkowski hopes to double its US users.
Brainly, initially called as Zadane.pl, was founded in 2009 by Michał Borkowski (current chief executive officer), Tomasz Kraus and Łukasz Haluch in the city of Krakow. After attracting its first million users in Poland, the company ventured into the Russian market and soon expanded to other countries. The company established its US headquarters in 2014 in New York.
Touted as Poland’s unicorn, Brainly is not alone — many of Krakow-based startups have attracted the attention of investors. We recently reported how the HR tech company, HCM Deck, and AI-based mental health platform, Therapify were successful in raising funds. You can take a look of all startups in Krakow by funding here.
