sofatutor, a Berlin, Germany-based online education platform, raised €3.5m in funding.
Backers included Cornelsen Verlag, Acton Capital Partners, J.C.M.B. Beteiligungs GmbH, IBB Beteiligungsgesellschaft and VC Fonds Kreativwirtschaft Berlin.
The company intends to use the funds to expand in Germany, Austria, Switzerland.
Led by Stephan Bayer, founder and CEO, sofatutor is an online education platform featuring short video tutorials produced by teachers, tutors and students to allow high school and college students to study for exams and recapitulate lessons about subjects like mathematics, physics or economics.
It has been used by over 75k German language users.
The company currently employs 100 people.
FinSMEs
01/09/2014