Preply vs Anthology
Side-by-side comparison of AI visibility scores, market position, and capabilities
Raised $150M Series D at $1.2B unicorn valuation (Jan 2026) led by WestCap. $299M total. Positive EBITDA. Blends live human tutors with AI scheduling and conversation practice across 50+ languages.
About
Preply is a language learning marketplace that achieved unicorn status in January 2026 with a $150 million Series D at a $1.2 billion valuation led by WestCap. With total funding of approximately $299 million and positive EBITDA, Preply represents the rare EdTech company that has achieved both scale and profitability — a significant differentiator from loss-leading competitors that subsidize growth with investor capital.
$450M revenue FY2025; 2,000+ higher education institutions; Blackboard LMS + Anthology Student SIS/ERP; Chapter 11 restructuring 2025; 4.8K employees across 6 continents
About
Anthology was formed through the 2021 merger of Blackboard, the dominant legacy LMS provider in higher education, with Campus Management, a student information system and ERP vendor. The combined entity brought Blackboard's thousands of institutional LMS customers together with Anthology Student SIS and administrative ERP systems — creating one of the few vendors positioned to serve the full spectrum of higher education technology from classroom to back office. The company rebranded to Anthology while retaining Blackboard as a product brand.\n\nAnthlogy's portfolio includes Blackboard Learn LMS (with its Ultra experience redesign), Anthology Student for enrollment management, Anthology Finance and HCM for institutional ERP, Anthology Ally for accessibility compliance, and analytics tools for engagement. The platform serves 2,000+ higher education institutions globally — community colleges, liberal arts colleges, and research universities. Anthology also offers professional services, managed hosting, and implementation support alongside software subscriptions.\n\nAnthlogy reported approximately $450 million in revenue for FY2025 with approximately 4,800 employees. The company filed for Chapter 11 bankruptcy protection in early 2025 to reduce debt obligations accumulated through its acquisition-driven growth strategy, while preserving operations and customer relationships. Its large installed base in higher education creates strong switching cost protection, as LMS and SIS migrations are multi-year, high-friction institutional projects that most universities undertake infrequently.
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