Austria-based GoStudent, an interactive platform that connects students with teachers to provide video-based, one-to-one tutoring, raised Euro 300 million on 11th January 2022.
Investors: The investment round was led by new investors Prosus, Deutsche Telekom, SoftBank Vision Fund 2, Tencent, Dragoneer, Left Lane Capital, and Coatue. Bringing the total investment of more than Euro 590 million with a valuation of Euro 3 billion.
Purpose of funding: Using the funding, GoStudent will expand its services across the globe, more focus on K12 services and M&A (Mergers and acquisitions), and expand its market share. Briefly, the startup intends to enter new markets and new regions such as the US, Asia-Pacific and MENA. In addition, it is improving the learning experience of K12 students and acquiring the best service to smoothen the process. Furthermore, the company intends to hire more tutors to increase its market share in existing regions.
About GoStudent
Founded in 2016 by Felix Ohswald and Gregor Müller, GoStudent is located in Vienna, Austria. GoStudent is an interactive platform that connects students with teachers to provide video-based, one-to-one tutoring. This startup offers these services for K12 students or university students and below. In addition to language classes, the startup provides economics, Accountancy, Law, ICT, Social Science, Technology, and many more. Using an AI-based diagnosis test, the platform identifies the actual needs of students and the best tutor for them. Tutoring one-on-one provides an exceptional learning experience with the tutors. The startup aims to unleash the full potential of every student.
What the founders have to say
“At GoStudent, our mission has stayed consistent since our founding: to unlock the potential of every student worldwide by enabling students to feel supported in their academic journey,” said Felix Ohswald, Co-Founder and CEO at GoStudent.
“Our goal is to disrupt traditional perceptions of the tutoring industry by demonstrating to parents the advantages of choosing a carefully selected online tutor, in turn significantly improving the student learning experience,” says Gregor Müller, Co-Founder and COO at GoStudent.
What the investor has to say
“GoStudent has built a highly scalable business offering a superb customer experience. The company is creating a leading global platform for K12 education, and the speed at which they are growing is impressive,” said Fahd Beg, COO at Prosus EdTech.
“We are living through a time when technology is transforming education globally, and the inspiring vision of founders like Felix and Gregor will reshape how students learn in the future.”
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