GoStudent, a Vienna, Austria-based edtech company, raised €70M in Series B funding.
The round was led by Coatue with participation from existing
investors Leftlane Capital and DN Capital.
The company intends to use the funds for continued growth of its internationalization plans, advancing the presence in tutoring markets such as France, Spain, Italy, the UK, and Ireland with Turkey and Greece to be launched in the first half of 2021 amongst other countries, and invest in branding and product improvement.
Led by Felix Ohswald, CEO and Founder, Gregor Müller, Co-founder and COO, and Laura Warnier, Chief Growth Officer, GoStudent is an online tutoring platform with +250,000 tutoring sessions booked monthly and a market presence in 10 European countries. The platform offers paid individual courses for all school subjects to students of all ages using a membership model. The startup uses AI to support its rigorous tutor selection, onboarding processes and quality assurance of the tutoring sessions.
Over the past months, the company has expanded its team to +300 employees and opened up new offices in Lyon, London, Madrid, Dusseldorf, Berlin and Milan.
New offices in Athens, Istanbul and Amsterdam will be opened in the second quarter of 2021.
GoStudent aims to be present in at least 15 countries across Europe and grow its team to +800 employees and +10,000 tutors.