What is GoStudent?
Founded in Vienna in 2016, GoStudent has rapidly ascended to become Europe's highest-valued EdTech company, boasting a valuation of $3 billion. The platform offers paid, one-to-one online tuition across more than 30 subjects for K-12 students, operating on a membership model. GoStudent currently serves students in 23 countries, facilitating over 1.5 million tutoring sessions monthly. The company employs over 2,000 individuals and collaborates with more than 20,000 freelance tutors, solidifying its role as a leading force in personalized online education.
How much funding has GoStudent raised?
GoStudent has raised a total of $756.8M across 5 funding rounds:
Series A
$15.8M
Series B
$82M
Series C
$224M
Series D
$340M
Debt
$95M
Series A (2020): $15.8M with participation from DN Capital and Left Lane Capital
Series B (2021): $82M led by DN Capital, Coatue Management, and Left Lane Capital
Series C (2021): $224M supported by Left Lane Capital, Coatue, SoftBank Group, DST Global Solutions, DN Capital, Dragoneer Investment Group, and Tencent
Series D (2022): $340M featuring Deutsche Telekom and SoftBank Group
Debt (2023): $95M backed by Coatue, Deutsche Bank, and Tencent
Key Investors in GoStudent
SoftBank Group
SoftBank Group Corp. is a global technology holding company driving innovation across telecommunications, internet services, artificial intelligence, smart robotics, IoT, and clean energy technologies. Through its diverse portfolio of companies and strategic investments, including leading semiconductor IP providers, SoftBank Group supports the development and scaling of transformative technologies worldwide.
Coatue
Coatue Management, L.L.C. is an employee owned hedge fund sponsor. The firm primarily provides its services to pooled investment vehicles. It launches and manages hedge funds for its clients. The firm invests in public equity, hedging markets across the globe and also in private equity. It also invests in equity-related securities such as equity swaps and options.
DN Capital
DN Capital is a global early-stage venture capital firm founded in 2000, with offices in London, Berlin, and San Francisco. The firm focuses on investing in Seed, Series A, and select Series B opportunities across four key sectors: Software, AI, Fintech, and Consumer Internet.
What's next for GoStudent?
The substantial enterprise-level backing and recent strategic investment signal GoStudent's intent to accelerate its global scaling efforts and enhance its platform capabilities. This influx of capital will likely be directed towards expanding its service offerings, penetrating new markets, and potentially pursuing strategic acquisitions to further consolidate its position. The company's focus on a membership model and its extensive tutor network provide a strong foundation for sustained growth and innovation in the competitive online education landscape.
See full GoStudent company page
