GoStudent receives 70 million euros in a Series B round
Vienna (ÖS) — GoStudent receives 70 million euros in fresh money. Led by new investor Coatue together with existing partners Left Lane Capital and DN Capital, GoStudent has also successfully completed its next round of financing — raising €70 million in fresh money. In 2020, the learning assistance platform had been able to collect a total investment of 13.3 million euros.
GoStudent with seat in Vienna could to its fifth birthday its offer for on-line Nachhilfe, which took its beginning from Vienna in the German-speaking countries, at the beginning of the year to five further European markets expanded. The past Corona year has seen a boom in learning platforms. The Berlin-based provider Gostudent also profited, which is now rewarded with a large funding.
Existing and new investors have confidence in the digital education startup’s continued exponential growth. This is intended to further advance the internationalization of GoStudent and strengthen its presence in major tutoring markets such as France, Spain, Italy, the UK and Ireland.
Learning assistance platform aims to become top player in Europe
Turkey and Greece, among others, will follow in the first half of 2021. In addition, GoStudent will invest heavily in brand building and product improvement. The ambitious goal: GoStudent wants to position itself as a top player in Europe for high-quality education and make it widely accessible. By the end of the year, the company plans to be active in at least 15 European countries and to expand the team to over 800 employees and more than 10,000 tutors.