Berlin edtech startup charly raises over €3 million to expand Q&A platform beyond Germany

Berlin-based edtech startup charly has raised over €3 million in Series A funding to transition the company from offline learning products to a multi-service online platform, which benefits students as well as the companies that want to hire them (or sell to them). The investment came from undisclosed existing VCs and business angels. Founded in 2016, the company was known among university students as PrintPeter, a source of free printouts of study materials. Now, based on the print product, the German company has recently launched a digital platform called Q&A Bib, a nationwide learning database for students with over 35,000 exam-related topics, plus a tutor programme. The questions and answers are crowdsourced by charly’s users, which total more than 400,000, so the database grows each day by about 1,000 verified entries. The company plans to expand its initial focus on MINT (math, computer science, natural science and technology) and economics to other subjects, such as law and medicine. The edtech company makes its money through charly.media, offering companies the opportunity to reach 2.5 million students in the DACH region. Users can be targeted depending on their location, course of study and performance and, for example, informed about possible job prospects. In this way, the learning platform doubles as a marketing platform. Charly currently employs about 50 people in Berlin. By the end of the year, Q&A Bib will expand outside of Germany, though the target markets are not yet named.