By Mike Butcher
Vienna-based GoStudent, which connects students to tutors on a virtual learning platform, has raised a €70M Series B funding round led by new US investor Coatue. Coatue has been making ‘raids’ into the European startup scene for the past year or so. It was joined by existing investors Left Lane Capital and DN Capital. This brings the total amount raised to €83.3M.
GoStudent competes with offline players like Schülerhilfe in Germany and Acadomia in France, which focus on small-classes in learning centers. By doing it online, GoStudent can introduce cost savings for users. It also competes where tutors advertise in traditional marketplaces like classified ads. The offering is similar to Chinese players like Zhangmen, VIPKid, TAL Education.
The investment will be used for growth and expansion into international markets such as Turkey and Greece. GoStudent is aiming for 15 countries across Europe and to grow its team to +800 employees and +10,000 tutors. It claims that over 250,000 tutoring sessions are booked every month on its platforms.
<iframe sandbox="allow-scripts" security="restricted" title="“Tutor marketplace GoStudent takes its Series A to €13.3M with Left Lane Capital and DN Capital” …read more
Source: Tech Crunch