Berlin-based Knowunity has raised €10 million in a Series A round co-led by Redalpine and Stride.
Existing investors including Project A and the founders of Booking.com and Preply, as well as World Cup-winning footballer Mario Götze also participated in the round.
The funding will be used to further drive product development as well as market expansion efforts, beginning with Italy and the UK.
To this end, the startup aims to augment the team size from 60 to 100 by year’s end.
Offering students a clean and tidy UX in their own language, the platform is centered entirely around peer-to-peer learning, with top performers being granted access to create and publish their own content for the benefit of others.
The platform now boasts some 300,000+ study notes from every subject imaginable from grade 5 onwards,
Quite simply, Knowunity is a study mechanism for today’s students built by today’s students, and it not only resonates with its target audience, but it’s delivering on its promise to make education more accessible.
Launched in 2020 by then 18-year-old CEO and co-founder Benedict Kurz, Knowunity has been downloaded over 2.4 million times, is the number 1 learning app in Germany with over 20,000 ratings, and has been steadily growing since day one.
After launching in Austria and Switzerland, the beginning of the year saw the startup enter the French market, amassing some 300,000 Gen Z users, and as of late April, 60,000+ Polish students joined.
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