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GoStudent - we're building the #1 global school !

GoStudent is a platform for online education and the future of tutoring. The EdTech company was founded in Vienna in 2016 by Felix Ohswald (CEO) and Gregor Müller (COO) and is operational in 22 countries. Via its platform, GoStudent provides paid, one-to-one, video-based tuition to primary, secondary and college-aged students in 20+ subjects, using a membership model.

Investors such as Left Lane Capital, DN Capital, Coatue and DST Global have already invested a total of €291m. To this date GoStudent employs +900 people and has opened 18 international offices, with over 750,000 tutoring booked monthly. GoStudent currently has about 25,000 students and works with more than 9,000 tutors.

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We are writing history

22

MARKETS

€291m

INVESTMENT

+9,000

TUTORS

+25,000

CLIENTS

+750,000

UNITS

+1,000

EMPLOYEES

2016

GoStudent is founded 💡

Felix Ohswald (CEO) and Gregor Müller (COO) found GoStudent. The first idea: A free-to-use homework-chat via WhatsApp, designed to make the lives of all students easier! After the first Business Angel invested, the founders developed their own app that included a homework chat.

2017

GoStudent has over 100,000 users 💯

The homework chat app establishes a solid user base. GoStudent receives a €500k investment. The first student asks for a private online tutoring session and is willing to pay for it.

2018

Changing the game: from students to parents 👨‍👩‍👦

With a user base of +500,000 students, the company changes its approach and decides to target parents. GoStudent opens its first office in the basement of a sailing school and receives a seed fund of €1.4m. Paid tutoring sessions are now offered online, via video.

2019

GoStudent finds its business model and focuses on sustainable learning 🔥

GoStudent introduces paid memberships, lasting between 6 and 24 months. The company relocates from its basement office to a modern complex in Vienna's 2nd district and establishes key structures and processes, paving the way for rapid growth.

2020

GoStudent receives €13,3m € Investment and grows rapidly! 🚀

The team quadruples to more than 160 employees. GoStudent expands beyond the DACH region, offering its services in France and Spain, and opening its first international office in Lyon. Left Lane Capital and DN Capital invest €13.3m, allowing for rapid growth. By December, GoStudent is booking more than 150,000 tutoring sessions each month.

2021

GoStudent becomes a unicorn 🦄 and conquers the world 🌍

GoStudent further strenghtens it's position in Europe and opens new international offices. In June, GoStudent raises a Series C round of €205m and reaches a €1,4bn valuation, securing its status as the first European EdTech unicorn. In summer, GoStudent expands oversees. The first office outside of Europe is opened in Mexico City. To this date GoStudent operates in 22 countries and has 18 international offices. With a team of +1,000 employees and 9,000 tutors, GoStudent books around 750,000 tutoring sessions per month.

Our Management Team

Felix

Felix Ohswald

Co-Founder and CEO

Gregor

Gregor Müller

Co-Founder and COO

Ivo

Ivo Kolev

Chief Technical Officer

Laura

Laura Warnier

Chief Growth Officer

Alfons

Alfons Priessner

Chief of Staff

Press Releases

United Kingdom , 22 June 2021 GoStudent becomes Europe’s newest Ed-Tech unicorn at a €1.4B valuation

€205M Investment in Series C **GoStudent achieves unicorn status, securing its position as the highest valued K12 Ed-Tech company in Europe** - €205M Series C investment was led by new investor DST Global - GoStudent hits this milestone achievement less than 2.5 years after finding its current business model - Each month GoStudent books more than 400k tutoring sessions and grows by 700% year-on-year **Vienna / London June 22nd, 2021:** Vienna-based Ed-Tech scale-up [GoStudent](https://www.gostudent.org/en), which provides one-to-one video-based online tutoring, has hit unicorn status less than 2.5 years after finding its current business model, following a successful Series C funding round of €205M. This comes just months after the completion of GoStudent’s €70M Series B round in March 2021. The Series C investment is led by DST Global with participation from additional new investors including SoftBank Vision Fund 2, Tencent, Dragoneer and existing investors Coatue, Left Lane Capital and DN Capital. The trust and enthusiasm of both new and existing investors indicates a strong conviction in the continued exponential growth of the online education scale-up, and the global need for online and accessible tutor-led learning. With a valuation of €1.4B GoStudent becomes the highest valued K12 Ed-Tech company in Europe to date. With the additional financing, GoStudent's total amount raised comes to +€291M. The investment will primarily be used to further drive global expansion. With a presence in 15 countries, GoStudent will continue to strengthen its position as the market leader for K12 online tutoring in Europe. Over the past months, the rapidly-growing Ed-Tech company has expanded its team to more than 500 employees and has opened 12 offices, including new locations in Athens, Istanbul and Amsterdam. In addition to further developing its presence in Europe, GoStudent will also be expanding overseas, and plans to launch in Mexico and Canada this summer. The scale-up will also invest in branding, product development and first acquisitions. GoStudent grows approximately 30% month-over-month and books +400,000 tutoring sessions each month. By the end of 2021, GoStudent aims to be present in over 20 countries across the globe and will double its team to more than 1,000 employees and 10,000 tutors. Felix Ohswald, co-founder and CEO of GoStudent comments: *“At the heart of GoStudent is our mission to build the No. 1 Global School. The new investment and the resulting opportunities for continued international growth bring us one step closer to fulfilling our mission.”* Gregor Müller, co-founder, and COO of GoStudent added: *“We are thrilled to receive such support from both existing and new investors as we continue on our mission to revolutionise education worldwide. By connecting every student with their ideal teacher we solve the fundamental problem of lacking access to top teachers and, in turn, we make affordable, hiqh-quality education widely available.”* **Press images can be downloaded [here](https://drive.google.com/drive/u/0/folders/1flu-fO4FzoLzeTZwIN67A7TGu2Z1oXtw).** **About GoStudent:** GoStudent is a platform for online teaching and is the future of tutoring. The EdTech company was founded in Vienna in 2016 by Felix Ohswald (CEO) and Gregor Müller (COO). Currently, GoStudent is operational in 15 markets. Via its platform, GoStudent provides paid, one-to-one, video-based tuition to primary, secondary and college-aged students in 20+ subjects, using a membership model. Various investors such as Left Lane Capital, DN Capital, Coatue and DST Global have already invested a total of 291 million euros in the rapidly growing platform. GoStudent employs more than 500 people, works with 5,500 tutors and has opened 12 international offices. Over 400,000 tutoring units are booked each month. www.gostudent.org **Media contact:** Kristina Bassett I UK/IE PR & Communications Manager [email protected] +44 7780 452 659

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19 May 2021 On its way to becoming a global player: GoStudent launches its digital tutoring service in Russia, Mexico and Canada

- GoStudent will expand beyond European borders beginning May, 2021 - The one-on-one digital tutoring platform expects ‘first-mover’ advantages in promising tutoring markets - Russia, Mexico, and Canada will act as test markets for expanding to neighboring regions withs comparable market conditions The Austrian ed-tech startup GoStudent expands its digital one-to-one tutoring service beyond Europe for the first time. After securing a Series B investment of €70M at the end of March, GoStudent launched its platform in Russia in May, followed by Mexico and Canada this summer. GoStudent is the highest funded and fastest-growing B2C education startup in Europe, with 11 office locations, a presence in 18 countries, 500+ employees, and 5000+ tutors. 350,000 tutoring sessions are booked monthly. **GoStudent builds the no.1 global school** GoStudent’s digital learning platform connects students of all ages in individually designed, virtual lessons with carefully selected teachers. The fact that the service is highly popular amongst parents, motivates the founders Felix Ohswald (26) and Gregor Müller (27) to continue the company’s rapid growth and bring the vision of building the no.1 global school to life. In the last 10 months, Gostudent set foot in European markets such as Great Britain, Ireland, Spain, France and Greece and has strengthened its position as the no.1 online tutoring provider. Now, the Austrian ed-tech is boldy crossing those borders outside of Europe: Beginning May, GoStudent officially launched in Russia, Moscow and is preparing to expand its services to Mexico and Canada this summer. Additionally, GoStudent will also enter the Polish market in anticipation of it’s further expansion in Eastern Europe. Felix Ohswald, Co-Founder and CEO of GoStudent on the advancing internationalization of his company: *"In less than a year, through the excellent work and passion of our ever-growing team, we were able to scale GoStudent from a tutoring provider in the German-speaking market to a European level and secure the market leadership for digital tutoring in Europe. Now we are ready to expand our services in promising tutoring markets on other continents.”* Gregor Müller, Co-Founder and COO of GoStudent adds, *"We connect every student with the ideal tutor. The perfect-match-principle is key to ensure one-on one-tutoring in top-quality. We focus on sustainable learning success which is affordable and completely independent of location. This way, we can enable every child worldwide to unlock their full potential."* **Market entry in test markets Russia, Mexico and Canada by Summer 2021** With the launch of new markets outside of Europe for the first time, GoStudent reaches a fundamental milestone on its way to becoming a global player in the digital tutoring sector. Laura Warnier, GoStudent's Chief Growth Officer responsible for internationalization, on the expansion strategy: *"Our goal is to be the first digital tutoring provider in countries with high market potential and thus benefit from first-mover advantages, such as building strong brand awareness and customer loyalty before other market players jump on the bandwagon."* GoStudent describes its market entries in Russia, Mexico and Canada as "test markets". Important experience is to be gained here before the Vienna-based edtech pushes the launch of neighboring geographic regions with similar market conditions. Mexico, for example, has a high market volume with approximately 28 million school children. In Canada, millions of Internet users live in remote locations and currently have to travel long distances to have access to private tutoring for their children. *"Once we have successfully established our service in Mexico, we will have already taken a big, first step towards expanding our service in Latin America. In Canada, we can gain important insight for entering the English-speaking, American continent much more cost-effectively than in the U.S.”* **GoStudent to double its international team by the end of the year** GoStudent's team has grown from 160 to over 500 employees since the beginning of the year. As part of its rapid growth, approximately 500 more positions will be filled by the end of the year. Currently, talents with and without professional experience are being hired in departments such as Sales, Customer Success and Tutor Community Management in 11+ international locations and for future offices. Click [here](https://www.gostudent.org/en/team-and-careers) for the job listings. **Press photo download:** You can download high-resolution press photos [here](https://drive.google.com/drive/u/0/folders/1flu-fO4FzoLzeTZwIN67A7TGu2Z1oXtw). **About GoStudent:** GoStudent is a digital learning platform for online education and the future of tutoring. The ed-tech start-up was founded in Vienna in 2016 by Felix Ohswald (CEO) and Gregor Müller (COO) and operates in 18 markets. On the platform, GoStudent offers paid individual courses for all school subjects. Various investors such as Speedinvest, Left Lane Capital, DN Capital and Coatue have already invested a total of 86 Million euros in the rapidly growing platform. GoStudent employs +500 people at its 11 international offices. Monthly, over 350,000 tutoring lessons are booked. GoStudent currently has about 13,000 clients and 5,000 tutors. **Press contact:** Stefanie Möllner I Head of PR and Communications [email protected] I M: +43 660 177 65 52

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Vienna , 30 March 2021 Ed-tech company GoStudent hit a €70M investment in Series B round

- €70M investment raised by lead-investor Coatue (NY) and existing investors Leftlane Capital (NY) and DN Capital (London) - GoStudent grows by 30% month-over-month on average - GoStudent has a market presence in 10 countries - +250k tutoring sessions are booked every month **Vienna, March 30, 2021:** Vienna-based e-learning start-up GoStudent completed Series B round led by the new investor Coatue together with existing partners Left Lane Capital and DN Capital. With the total investment of €70M GoStudent becomes the highest funded consumer-facing K12 education start-up in Europe. The new investment was landed only 4 months after the increase of the Series A. In 2020 GoStudent received a total funding of €13.3M. The trust of the existing and new investors indicates a strong conviction in the continued exponential growth of the online education start-up. **Investment for further bold growth plans and expansions** The financing will be used to further drive the internationalization of GoStudent, advancing the presence in significant tutoring markets such as France, Spain, Italy, the UK, and Ireland. Turkey and Greece will be launched in the first half of 2021 amongst other countries. In addition, GoStudent will invest highly in branding and product improvement. By the end of the year, GoStudent aims to be present in at least 15 countries across Europe and grow its team to +800 employees and +10,000 tutors. Felix Ohswald, co-founder and CEO of GoStudent said about the series B investment: “The series B investment makes us the best-funded consumer K12 education start-up in Europe! We are thrilled to receive such high confidence from existing and new investors on our way to revolutionize education worldwide. Our growth targets this year are enormous - the investment of 70 million euros will enable us to position GoStudent as the top player in Europe for making high-quality education widely accessible.” Gregor Müller, co-founder, and COO of GoStudent added: “Conquering Europe is only the first step. Our mission is to build the No. 1 Global School to help every student unlock their full potential. Thus, our mid-term goal is to become the largest education company in the world.” **GoStudent is European market leader in online tutoring** With +250,000 tutoring sessions booked monthly and a market presence in 10 European countries, GoStudent has meanwhile grown to become the market leader in revenue for K-12 online tutoring in Europe. Over the past months, GoStudent has expanded its team to +300 employees and opened up new offices in Lyon, London, Madrid, Dusseldorf, Berlin and Milan. New offices in Athens, Istanbul and Amsterdam will be opened in the second quarter of 2021. Laura Warnier, Chief Growth Officer of GoStudent on the importance of spreading the online tutoring of GoStudent across Europe said: “By connecting every student with the ideal teacher we solve a significant problem. Especially this year - while we have not yet overcome the pandemic - we will be an important partner for parents to fight the educational deficits of their children caused by school lockdowns and inefficient homeschooling across Europe. By the end of 2021, we aim to offer our tutoring services in +15 countries!” “It’s been an exciting journey as an investor to see GoStudent expand so elegantly across Europe, offering affordable yet high-quality education to the masses. The pace at which they’re executing is extraordinary,” said Harley Miller, Managing Partner at Left Lane Capital and board member of GoStudent. “GoStudent is spearheading the European ed-tech movement in what has been a highly-fragmented, traditionally offline market,” Vinny Pujji, Partner at Left Lane Capital and board member of GoStudent added. “We believe that GoStudent can be the dominant winner in online tutoring in Europe, by leveraging technology GoStudent democratizes quality education to all.” said Nenad Marovac, Managing Partner & CEO at DN Capital and board member of GoStudent. “The demand for the company’s product has been proven given the lightning speed of growth that the company is experiencing, over 800% in 2020.” **About GoStudent:** GoStudent is a digital learning platform for online education and the future of tutoring, connecting students with the best teachers worldwide for individual tutoring sessions. The ed-tech start-up was founded in Vienna in 2016 by Felix Ohswald (CEO) and Gregor Müller (COO) and is operated in the DACH-Region, as well as in Spain, France, Belgium and Luxembourg, United Kingdom, Ireland and Italy. On the platform, GoStudent offers paid individual courses for all school subjects to students of all ages using a membership model. The data-driven startup uses AI to support its rigorous tutor selection, onboarding processes and quality assurance of the tutoring sessions. So, the best possible tutor is matched with each student. Investors such as Coatue, Left Lane Capital, DN Capital and Speedinvest have already invested a total of 86 Million Euros. GoStudent employs +300 people at its offices in Vienna, Dusseldorf, Berlin, Lyon, Madrid, London and Milan. Monthly, over 250,000 tutoring lessons are booked. www.gostudent.org. **About Coatue:** Coatue is one of the largest technology investment platforms in the world with ~$40 billion in assets under management. Its dedicated team of engineers and data scientists work closely with investment professionals to add value to founders and executive teams in our portfolio. With venture, growth and public funds, Coatue backs entrepreneurs from around the globe and at every stage of growth. Some of Coatue’s private investments have included Airtable, Anaplan, ByteDance, Chime, Databricks, DoorDash, Instacart, Meituan, Snap, Snowflake and Spotify. **About Left Lane Capital:** Left Lane Capital is a New York-based venture capital and growth equity firm, investing in high-growth consumer internet and technology companies that build lasting relationships with customers. Investing in Series A, B and C stage companies, the firm aims to partner with extraordinary entrepreneurs creating category-defining businesses that are fundamental to the human condition and spirit. **About DN Capital** DN Capital is a leading European early stage venture capital firm with operations in London, Berlin and Silicon Valley. The firm focuses on Seed, Series A and select Series B investments in software, fintech, marketplace, consumer internet and digital health companies. DN Capital’s mission is to support entrepreneurs in creating global category leaders. DN was an early backer in companies such as Shazam, Endeca, Auto1, GoStudent, Jobandtalent, Mister Spex, Hometogo, OLX, Remitly and Quandoo. **Media contact:** Stefanie Möllner I Head of PR & Communications [[email protected]](mailto:[email protected]) +43 660 1776552

More info

Global enquiries:

Stefanie Möllner

PR & Communication

[email protected]

+43660 177 6552

United Kingdom & Ireland enquiries:

Kristina Bassett

PR & Communication Manager UK & Ireland

[email protected]

+44 7869 143 214

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