Edtech startup GoStudent attracts €8.3M
Vienna-based startup GoStudent has raised €8.3 million in a Series A funding round led by the US venture capital firm Left Lane Capital. Early-stage German NFQ Capital and the UK DN Capital funds also participated in the round, writes Tech.eu. Totally, GoStudent has raised €12.3 million in funding since the company was founded in 2016.
GoStudent is an e-learning startup that develops digital tutoring platform. Before the start of each new “digital school” session, the platform conducts an AI-based diagnosis test to find out the true need of students and identifies the ideal tutor for them.
“We want to shape the future of learning as the first digital tutoring platform, truly dedicated to the idea of “Students first”, with products that are perfectly tailored to the fast-paced & mobile lifestyle of today’s students”, the company emphasizes.
Co-founded by CEO Felix Ohswald and Gregor Müller, GoStudent operates throughout the DACH region. Currently, the company offers 6, 12, and 24-month tutoring subscription packages that include one-on-one and group tutoring sessions. According to the company, it books over 55,000 monthly sessions with more than 1,100 active tutors.
The proceeds will help GoStudent to develop its product and expand it to other European markets.