Amsterdam-based student-to-student knowledge exchange platform StuDocu has raised $50 million from Partech. The funding is expected to be used to further its exponential growth and expand the team significantly with the goal of reaching all 200 million college and university students around the world.
“When we met the team at StuDocu, we were wildly impressed with their data-driven culture and by how much students really love using their services. We look forward to working closely with Marnix and his team as they accelerate StuDocu’s global expansion and develop even more innovative ways to support students in meeting their learning goals,” comments Partech's Bruno Crémel.
Founded in college dorm rooms in 2013 by Jacques Huppes, Lucas van den Houten, Marnix Broer, and Sander Kuijk, StuDocu is based on a simple premise: collecting and cataloguing useful study resources from friends and presenting them in a more efficient manner. The platform has achieved just this goal, and now offers students the ability to share lecture notes, summaries, and practice materials.
The firm has had previous funding rounds in 2015, 2018, and 2019, and used the capital to expand into the Australian, Canadian, German, UK, and US markets, positioning itself as a leader in the student document sharing space.
“Our team’s passion together with our successful business model brought us to the very healthy state we’re at now,” comments CEO and co-founder Marnix Broer. “This investment is proof that we’re on the right track and will ramp up our steep growth trajectory. With Partech’s scale-up experience on-board StuDocu is set up well for reaching even more students with even better products in the years to come.”