Vienna-based GoStudent, an online platform that connects students to teachers in a virtual learning environment, announced that it has secured $95M in a mix of equity and debt funding.
The round saw participation from Deutsche Bank, Left Lane Capital, DN Capital, Tencent, Prosus, DST, Coatue, and Softbank Vision Fund 2.
The startup says it will use the funds to realize its hybrid vision and double down on AI integration.
GoStudent and Studienkreis, an offline tutoring company acquired by GoStudent in 2022, plan to use the funds to enhance education in the DACH region (Germany, Austria, and Switzerland).
They aim to offer hybrid learning solutions to meet the diverse needs of students.
With 61 percent of parents seeking a blend of online and offline support, the companies will provide tailored packages, including 1:1 online tutoring, group offline lessons, and sessions through GoVR, a virtual reality language learning platform.
Founded in 2016 by Felix Ohswald and Gregor Müller, GoStudent aims to help students reach their full potential and replace traditional tutoring through online teaching.
The startup offers a digital learning platform for online teaching and paid individual courses for all school subjects.
To date, it has raised over €675M. Embracing the hybrid education model, GoStudent has expanded its offerings through acquisitions, including Seneca Learning, Tus Media, Fox Education, and Studienkreis.
GoStudent’s platform uses a membership model and provides paid, one-on-one, video-based tuition to primary, secondary, and college-aged students in more than 30 subjects.
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