GoStudent, which provides one-to-one video-based online tutoring, raised €300M in Series D funding led by new investor Prosus, with additional participation from Deutsche Telekom, SoftBank, Tencent, Dragoneer, Left Lane Capital and Coatue.
The funding comes just seven months after GoStudent became Europe’s first EdTech unicorn, raising a Series C round of €205M in June 2021. Since the company was founded in 2016, it has raised a total of +€590M, and this new round strengthens its position as the highest valued K12 EdTech company in Europe with a €3BN valuation.
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“At GoStudent, our mission has stayed consistent since our founding: to unlock the potential of every student worldwide by enabling students to feel supported in their academic journey,” said Felix Ohswald, Co-Founder and CEO of GoStudent. “Education has seen a whirlwind of change, from remote classrooms to increased academic ambitions, and we believe there is a big opportunity to transform how students learn all over the world by expanding access to quality education. We are thrilled to receive support from both new and existing investors as we continue to revolutionise education worldwide.”
In 2021, GoStudent expanded to 16 countries, including overseas markets like Canada and Mexico, and opened 19 international office locations. Over the past twelve months, the company has grown its team by +1k employees and +10k tutors and plans to increase its team further by the end of 2022. The number of tutoring sessions booked monthly grew tenfold: while GoStudent recorded 150k tutoring sessions booked per month last January, it surpassed the 1.5M-mark by the end of 2021.
Source: Press Release
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