sofatutor, a Berlin, Germany-based edtech company, raised €3m in funding.
Backers included Frog Capital, and existing investors Acton Capital, IBB and JCMB.
The company intends to use the funds to accelerate customer acquisition and its content offering.
Founded in 2009 and led by Colin Schlüter (COO) and Stephan Bayer (CEO), sofatutor provides an educational content platform for primary and secondary schools. The company offers students short learning & explanatory videos, interactive exercises, downloadable worksheets, as well as a supportive homework chat, all adapted from the entire primary and secondary school syllabi.
The platform now comprises over 14,000 videos across all subjects.
The company has over 100 employees and over 200,000 users in Germany, Austria and Switzerland.
FinSMEs
19/02/2018