The digital education services provider was valued at $3.4bn in a Prosus-led round which included fellow corporates Tencent, Deutsche Telekom and SoftBank.

Austria-based online tutoring services provider GoStudent has closed a $340m series D round led by internet group Prosus at a $3.4bn valuation, Forbes reported yesterday, signalling unwavering interest in the education technology space.

Internet and gaming group Tencent took part in the round, as did telecommunications firms Deutsche Telekom and SoftBank, the latter through its Vision Fund 2, while Dragoneer, Left Lane Capital and Coatue Management filled out the participants.

Founded in 2016, GoStudent has built a one-on-one video lesson…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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