Vienna-based Ed-Tech scale-up GoStudent, which provides one-to-one video-based online tutoring, has hit unicorn status less than 2.5 years after finding its current business model, following a successful Series C funding round of EUR205 million.
This comes just months after the completion of GoStudent’s EUR70 million Series B round in March 2021. The Series C investment is led by DST Global with participation from additional new investors including SoftBank Vision Fund 2, Tencent, Dragoneer and existing investors Coatue, Left Lane Capital and DN Capital. The trust and enthusiasm of both new and existing investors indicates a strong conviction in the continued exponential growth of the online education scale-up, and the global need for online and accessible tutor-led learning. With a valuation of EUR1.4 bn GoStudent becomes the highest valued K12 Ed-Tech company in Europe to date.
GoStudent grows approximately 30 per cent month-over-month and books +400,000 tutoring sessions each month. By the end of 2021, GoStudent aims to be present in over 20 countries across the globe and will double its team to more than 1,000 employees and 10,000 tutors.
Read more at Private Equity Wire
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.