Serbian edtech startup Prepia raises €1.5M seed funding from CEE firms Inovo and Silicon Gardens to scale its AI-driven exam prep platform, already used by 100,000+ learners and generating €1.2M ARR in under nine months.

?? Founders: Viktor Pesic, Ivan Jurisic
?? Founding year: 2024
?? Industry: EdTech
?? Problem: Traditional study materials are not optimized for mobile or modern learning, making exam preparation inefficient and less accessible.
?? Solution: AI-powered exam prep platform that converts traditional materials into mobile-friendly learning experiences for professional exams (SAT, GMAT, nursing, bar exams, etc.), achieving 98% content accuracy, 92% pass rate, and a 4.8/5 rating from 400+ reviews.
?? Customers: Students preparing for professional exams (300+ identified markets)

?? Stage: Seed
?? Investment amount: €1.5 million

 ?? Funded by: Inovo, Silicon Gardens (Slovenia)

???‍??? Investor’s perspective:

Execution: Viktor scaled revenue from €0 to almost €1M in under 8 months using Google Ads alone.
Team: Viktor has 10+ years of programming experience and GTM skills. Ivan (ex-Roche) brings business expertise to accelerate scaling.

?? In their own words: “Our attention spans are shrinking in the age of TikTok and Instagram, posing challenges for traditional learning methods. This is already a serious issue, but nothing compared to what we’ll see with younger generations. Prepia addresses this by offering a personalized, efficient learning path that adapts to each user’s needs,” said Viktor Pešic, co-founder of Prepia.

?? It will be spent on: Scaling across 300+ identified exam markets.

??  Their specialty: Combining AI with mobile-first design to deliver efficient, high-performing exam prep.

?? Business model: Direct-to-consumer, likely subscription or pay-per-course, using paid marketing (e.g., Google Ads).

??‍?? Market: Global professional exam prep market
?? Traction: Monthly revenue growth from ~ €2.37K in Sept 2024 to ~€95K in May 2025
? Competitors: Magoosh, Khan Academy (for test prep), UWorld, and Quizlet