StudentFinance Raises €39M in Series A Funding

Mariano Kostelec, CEO, StudentFinance

StudentFinance, a London, UK-based provider of a career mobility platform, raised €39M in Series A funding.

The round, which brought the total amount raised to €44.7M, was led by Iberis Capital on the equity side, and SmartLenders Asset Management on the debt side, with support from Armilar Venture Partners, Mustard Seed Maze, Giant Ventures and Seedcamp. Angel investors included Tom Blomfield and former UK culture minister Ed Vaizey.

The company intends to use the funds to expand in the UK, German and Spanish markets and double the size of its team.

Launched in 2020 and led by CEO Mariano Kostelec, StudentFinance is a provider of a career mobility platform for upskilling into in-demand jobs, in sectors such as technology, engineering, artificial intelligence and climate/green economy. The company develops AI models to map in-demand skills, qualifies the education providers tackling those skills gaps, and then provides flexible financing options to people seeking to upskill through those programs. StudentFinance partners with education providers – ranging from bootcamps, certificate providers to Masters degrees – offering both a success-based financing model and fixed instalments. Training programs the company has already partnered with include Web development and Data analytics from Ironhack, Machine learning from AiCore, Cyber security from Capslock, Virtual reality programs from Mastered, and Data Science from Le Wagon.

Today, StudentFinance operates across several countries in Europe, including the UK, Spain, Portugal, Germany, and Finland. It has managed over €15M worth of education financing in just two years, and plans to reach €800m in 3 years, upskilling over 200,000 people.