GoStudent, a Vienna-based edtech unicorn, has raised $95 million in a strategic fundraise from Deutsche Bank and other investors, including Left Lane Capital, DN Capital, Tencent, Prosus, DST, Coatue and Softbank Vision Fund 2. The capital was raised in a mix of equity and debt capital.
Founded in 2016, GoStudent is an online tutoring marketplace which connects students with tutors. The company sells tutoring subscriptions to parents, taking a cut from the tutors’ earnings as commission.
The edtech unicorn will use the fresh infusion of capital to bring enhanced hybrid learning solutions to the DACH region.
It has around 23,000 tutors on its platform and will develop an “AI lesson plan generator” trained on the local curriculum.
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