GoStudent, one of the world’s leading tutoring providers and education platforms, has today announced a strategic $95M raise, with funds being used to realise the company’s hybrid vision and double-down on AI integration. The raise is a mix of equity and debt capital, with participation from Deutsche Bank, and investors including Left Lane Capital, DN Capital, Tencent, Prosus, DST, Coatue and Softbank Vision Fund 2. It signals strong support for the EdTech unicorn’s vision to harness the power of innovative technology whilst maintaining the human touch, creating truly personalised learning solutions.
Understanding that there is no ‘one size fits all’ when it comes to education, the raise will be used to bring enhanced hybrid learning solutions to the DACH region. Having seen that 61% of parents are seeking a combination of online and offline educational support, GoStudent and Studienkreis will offer families in Austria and Germany access to packages tailored to the child’s learning style and needs, spanning 1:1 online tutoring, group offline lessons, and sessions via GoVR - GoStudent’s newly-launched virtual reality language learning platform.
Tech solutions also feed into the company’s hybrid strategy. GoStudent shared its strategic vision for AI in May 2023, having calculated that the global market size of AI in education could reach $10-20 billion by 2027. With this round, GoStudent will prioritise the creation of AI-driven tools.
