Image Credit: VCG
Austrian education startup GoStudent has raised a $340 million Series D funding round with a valuation of $3.4 billion.
The round was led by Prosus along with Deutsche Telekom, SoftBank Vision Fund 2, Tencent, Dragoneer, Left Lane Capital and Coatue.
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 marketplace has 15,000 tutors in 20 countries.
The company will use the funds to increase market share in existing markets, further expand global footprints, including the US, and acquire education services and products.