Austrian online tutoring platform GoStudent has raised €8.3 million in a Series A funding round led by Left Lane Capital, with participation from DN Capital and some existing investors. As of today, the company has raised €12.3 million, according to EU-Startups.
Founded in 2016, GoStudent offers 6, 12, and 24-month tutoring subscription packages to students in the DACH region. GoStudent also launches a free social homework chat, enabling students to discuss questions with others in an easy and safe environment. Currently, it has more than 1,100 active tutors.
Felix Ohswald, founder and CEO of GoStudent said, “For us, the investment is primarily a strategic move for the future. Our plan is to expand beyond the German-speaking countries by the end of the year.”
The fresh injection of capital will also be used to accelerate GoStudent’s customer and tutor acquisition and invest more in products.
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