Vienna-based digital learning platform GoStudent has closed an €8.3 million Series A round led by Left Lane Capital. London’s DN Capital joined the round alongside existing investors, and the founders of Swoodoo and HomeToGo participated as strategic partners. This brings the company’s total funding to €12.3 million.
The e-learning startup operates a “digital school” with subscription packages for individual or group tutoring sessions. Enabling live classes in a virtual setting, the platform uses AI to match students with tutors and then provides software to support both sides of the learning equation. In a press release, the Austrian startup claims it books over 55,000 monthly sessions with more than 1,100 active tutors.
Harley Miller, managing partner at Left Lane, commented: “Unlike in Asia, and to a lesser extent in the US, tutoring in Europe has historically been stigmatized, but GoStudent is changing the paradigm and positioning tutoring as a proactive muscle that all students can and should exercise.”
Founded in 2017, GoStudent operates throughout the DACH region but will expand to other European markets with the help of the new financing. “For us, the investment is primarily a strategic move for the future. Our plan is to expand beyond the German-speaking countries by the end of the year,” says Felix Ohswald, founder and CEO.
Photo: co-founders Felix Ohswald (CEO) and Gregor Müller, copyright GoStudent