Europe’s first edtech unicorn is here and UK VC just invested £175M in it along with SoftBank and Tencent

GoStudent is a Vienna-based edtech scaleup offering a digital learning platform for online education and the future of tutoring. In a recent development, the company picked up €205 million (nearly £​175 million) in an oversubscribed Series C funding round led by investor DST Global along with participation from new investors SoftBank Vision Fund 2 Tencent, and Dragoneer and existing investors Coatue, Left Lane Capital and London-based DN Capital.

The investment will primarily be used to drive its global expansion further. With a presence in 18 countries, GoStudent will continue to strengthen its position as the market leader for K12 online tutoring in Europe. Over the past months, the company expanded its team to over 500 employees and opened 12 offices, including new locations in Athens, Istanbul and Amsterdam. Besides Europe, GoStudent will also be expanding overseas and plans to launch in Mexico and Canada this summer. The scaleup will also invest in branding, product development and consider strategic acquisitions.

Felix Ohswald, Co-Founder and CEO, GoStudent, said: “At the heart of GoStudent is our mission to build the No. 1 Global Digital School. The new investment and the resulting opportunities for continued international growth bring us one step closer to fulfilling our mission.”

Click here to read the full article.