GoStudent graduates to $244m series C

Austria-based online tuition marketplace operator GoStudent has secured €205m ($244m) in a series C round featuring internet and telecommunications group SoftBank’s Vision Fund 2 and internet and gaming group Tencent, TechCrunch reported today.

The round, which valued GoStudent at $1.7bn, was led by DST Global and backed by fellow investment firm Dragoneer Investment Group, investment manager Coatue Management, venture capital and growth equity firm Left Lane Capital and VC firm DN Capital.

GoStudent operates an online marketplace platform for video tutoring in a range of subjects. Students and their parents can use the platform to book one-on-one tuition services for the kindergarten stage up to age 18.

Felix Ohswald, GoStudent’s co-founder and CEO, told TechCrunch, it is planning an aggressive expansion into new geographies such as Mexico and Canada. It also intends to invest more into branding.

The company has raised $346m since it was founded in 2016. Coatue led its $82.1m series B round in March 2021, investing alongside Left Lane Capital and DN Capital. It had received $15.8m in series A funding across two tranches between June and November 2020 that included Left Lane Capital, DN Capital and various individuals.

Speedinvest had led a $1.8m round for GoStudent in 2018 that was also backed by undisclosed others. Its early investors reportedly include industrial holding company Econnext, which exited in May 2020, as well as e-learning services provider Learnchamp and Pioneers Ventures.