SoloLearn, a leading global developer community aimed at making you a better coder through peer-to-peer knowledge sharing, has raised $5.6 milion in new funding.
The raising of the $5.6 million was led by Naspers through its Naspers Ventures division, with participation from existing investor Learn Capital.
Yeva Hyusyan and Davit Kocharyan created SoloLearn to scale the bootcamp they created in their native Armenia to teach coding to young students, and since then the app has spread quickly with nearly half of its users in the U.S., India, and Russia, in addition to users across Europe and South America.
The new funds will help to further accelerate global growth and localization, and scale their talented team in Armenia and the US.
The app focuses on social learning by providing a highly-engaged coding community with tools to crowd-source coding education in areas where the community is most interested.
SoloLearn built its platform with mobile learning in mind and reaches more than 90% of its audience on smartphones, providing “on-the-go” experience appealing to young people today.
SoloLearn’s unique platform quickly garnered global traction since its launch in 2014, recently reaching a purely organic growth milestone of over one million monthly active users.
“We believe there’s always something new to learn when it comes to coding and when that learning is enhanced by gamification and social interaction, there are more reasons to improve and be successful. SoloLearn has been used across the globe by students looking to increase their coding skills and we want to expand further, teaching more students in more regions, and providing more diverse and advanced learning content” said Yeva Hyusyan, SoloLearn CEO.
“We are thrilled to welcome Naspers as our new investment partner given their global footprint and experience in helping to scale businesses around the world.”