Naspers backs edtech company Brainly

Naspers Ventures announced it led a $15 million Series B investment in social learning network Brainly. The company previously raised $9 million in Series A funding from General Catalyst Partners, Point Nine Capital, Learn Capital and Runa Capital in late 2014 when it set up an office in New York. Brainly started in Krakow, Poland. Naspers Ventures is the VC arm of South Africa-based Naspers, a worldwide Internet and entertainment group. The company recently opened a San Francisco office for Naspers Ventures, and the Brainly deal is the venture unit's first investment in the edtech space.

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