Stay in touch!

Never miss out on the latest articles and get sneak peeks of our favorite classes.

GoStudent raises $340m in Series D Funding

BusinessNews

With E-learning becoming a widespread norm for education, especially post-pandemic, quality online services are in high demand. GoStudent is one of the world’s most extensive services that connects online tutors to students and so much more.

Everything You Need To Know in Less Than 50 Words

GoStudent already raised $244 million during Series C in June 2021. Series D saw a brand new investor, Prosus, sparking further investment opportunities and allowing the company to hit $340 million this series!

Tell Me More

Felix Ohswald, CEO and co-founder of the company, has stated: “Education has seen a whirlwind of change, from remote classrooms to increased academic ambitions, and we believe there is a big opportunity to transform how students learn all over the world by expanding access to quality education.”

 

After GoStudent’s founding in 2016 in Vienna, the company has expanded rapidly. Now an international resource for several countries worldwide, providing tutors to students on a 1-to-1 basis. The goal has always been to make the lives of students easier. 

 

In 2017 GoStudent gained over 100,000 users and established a homework chat app. By 2018 the user base had grown to 500,000 users with their first office opened. 2018 is also the year that video-based tutoring sessions became available. 

 

2019 marks the year GoStudent established its current business model. They expanded from their first office into a modern complex and started a paid membership system. 

 

In 2020 the company’s staff quadrupled in size and began to spread internationally. By this time, there were over 150,000 tutoring sessions scheduled every month.

 

As of 2021, the company operates in 22 countries with 22 office complexes worldwide. At this point, the company had over 1.5 million tutoring sessions every month. 

 

In 2022, only seven months after the company’s Series C, the company raised $340 million in Series D. This series pushed the valuation of GoStudent to $3 billion, strengthening the company tremendously. Now GoStudent is going strong with over 2,000 employees and over 20,000 self-employed tutors. 

 

In the wake of the COVID-19 pandemic, many students got forced into online learning, and the world realized how effective it could be. GoStudent became an invaluable service for many who needed accessible tutoring and other educational assets. Thankfully, GoStudent is still growing strong and expanding worldwide to provide its services. 

 

The company’s focus on 1 to 1 tutoring has allowed students to receive aid for general education or a specific exam. E-learning has become an essential part of the learning experience worldwide, making resources like GoStudent just as crucial. They plan to continue growing to provide quality tutoring services to as many students as possible. 

In 2020 the company’s staff quadrupled in size and began to spread internationally. By this time, there were over 150,000 tutoring sessions scheduled every month.

Other Related Developments from Around the Industry

Amphy Software Update 2.0 

Amphy significantly improved its online platform, aimed at home-based learning. The update aimed to improve ease of navigation, improved user experience, expansion of learning options, and much more.

 

The general manager, Kovi Fine, gave the following statement: “We took our original website and made it better. These new flexible and accessible features make it easier to find and grow your passions and skills like never before. It’s a more pleasurable way to grow professionally and allow businesses to engage employees”.

Share this article
Back to top