Austria’s edtech unicorn GoStudent secures €86.7M to create personalised learning solutions
Summary
Vienna-based GoStudent, an online platform that connects students to teachers in a virtual learning environment, announced on Friday that it has secured $95M (approximately €86.79M) 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 realise 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.
Funding
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