According to Ukrinform, this situation is stated in the EBRD press release held by the institution.

EBRD and IFC will make a joint investment of $10 million. It is a large investment company that manages direct investment funds in the USA, Ukraine and Moldova in partnership with Horizon Capital and is a long-time customer of the EBRD and IFC.

“This investment will contribute to the stability of the direct investment market in Ukraine and the development of an innovative global technological business with high potential and a significant amount of R&D in Ukraine. EBRD Director of Telecommunications Holger Muent said: “Our long-standing client Horizon Capital and IFC We are proud to work with our partners at; This will help Preply continue to provide critical services and develop new educational products in the face of ongoing warfare,” he told Media & Technology.

The investment is part of a $70 million financing initiative implemented by Horizon Capital. The new capital will allow Preply to expand its research and development initiatives, integrate artificial intelligence to enrich the learning experience, and launch new product lines. The company has a global reach and connects nearly 40,000 teachers with the world’s largest community of people who want to learn languages ​​in an interactive mode.

As reported, the Board of Directors of the European Bank for Reconstruction and Development (EBRD) in mid-November recommended the bank’s managers to approve a 4 billion euro increase in paid-up capital in order to ensure a significant and stable investment volume. Ukraine now and in the future.

Photo from the site: thepage.ua