Austrian unicorn GoStudent raises 300 million to be the leading global educational platform

Vienna-based GoStudent, just secured €300 million in a round led by new investor Prosus and including Deutsche Telekom,, Tencent, Dragoneer, Left Lane Capital, and Coatue.

FREMONT, CA: GoStudent was named Europe's first edtech unicorn in June 2021 for its one-to-one video-based online teaching platform, and the new funding was announced just seven months later. Founded in 2016, GoStudent has witnessed rapid growth in its short existence, raising over €590 million in funding and currently having a market capitalization of €3 billion.  In 2021, the firm expanded its worldwide reach by entering the Russian, Canadian, and Mexican markets.

In addition to the 19 international office locations opened in 2021, the firm has grown its staff by over 1000 employees and over 10,000 teachers in just 12 months. The company is looking forward to continuing this path, with expansion plans for 2022 underway. Furthermore, the number of tutoring sessions scheduled monthly increased tenfold: GoStudent recorded 150k tutoring sessions booked per month in January, but by the end of 2021, it had surpassed 1.5 million.

GoStudent, founded by Felix Ohswald (CEO) and Gregor Müller (COO), now has customers in 22 countries. GoStudent uses a membership model to deliver paid, one-to-one, video-based tutoring to primary, secondary, and college-aged students in 30+ topics via their website. The new funding is expected to provide a boost towards GoStudent's three key and strategic pillars: worldwide expansion, product expansion through M&A, and improved market share in existing geographies.

GoStudent is getting ready to drive rapid global expansion, by expanding to numerous countries to become a world leader in tutoring. This year, GoStudent hopes to expand into at least six more markets, including the United States, Asia-Pacific, the Middle East and North Africa.

Additionally, through M&A, the innovative edtech company is proactively trying to expand and broaden its range of services to acquire best-of-breed K12 education services and products in order to create a cohesive and streamlined learning experience for K12 students.

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