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**EdTech unicorn GoStudent to acquire DACH’s leading, centre-based tutoring company, Studienkreis, from IK Partners in landmark deal** **GoStudent accelerates hybrid learning strategy to fuel future growth** **Global tutoring market projected to reach USD 278 billion by 2026** GoStudent, Europe’s leading EdTech company and one of the world’s largest online tutoring agents, today announced the acquisition of Studienkreis, the market leader in centre-based tutoring in the DACH region, from IK Partners (“IK”). The transaction accelerates GoStudent’s strategy to combine the best of both the online and offline world and to give people access to quality education through technology. The global online tutoring market, valued at USD 150 billion in 2020, is projected to reach USD 278 billion by 2026. Coupled with a global learning crisis that includes teacher shortages, learning gaps and access to education, GoStudent is leading the conversation on the future of learning that will deliver more value to families across Europe. Over the past 12 months the company made a number of strategic acquisitions including UK-based Seneca Learning, Tus Media Group from Spain and Fox Education from Austria. These acquisitions allowed the company to extend into AI-based learning content, improve and increase access to tutors and the addressable market and offer communication solutions for schools and families. With the integration of Studienkreis, the company can now address families with a preference for centre-based learning or group classes. This positions GoStudent firmly at the forefront of the morning, afternoon and content education market. *“Over 1.5 million online tutoring sessions are booked each month at GoStudent, but we believe the future of learning is hybrid. Combining online and offline creates an omnichannel model which brings maximum value to families and builds a barrier for competitors,”* explained **Felix Ohswald**, CEO and co-founder of GoStudent. *“With today’s announcement, GoStudent now offers a full spectrum of learning solutions for every type of student and budget. In addition to our core, 1:1, online tutoring, we offer everything from freemium products to group classes. It’s this winning combination that will fuel our future growth while at the same time boosting profitability.”* Established in 1974, Studienkreis is Germany’s leading tutoring company with over 1,000 learning centres across the country. A pioneer in online learning since 2012, the company serves 125,000 families every year in the DACH region. Under the ownership of IK since 2017, Studienkreis expanded to Austria through the acquisition of LernQuadrat in 2018 and strengthened its market-leading position in DACH through increased brand awareness and the provision of high-quality tutoring services. By combining offline tutoring with online services as well as own-developed digital tools, Studienkreis shares a vision for developing a blended learning experience. *“Since our first meeting, it was clear the two companies shared a passion and belief that the future of learning is hybrid, and we believe technology is key to enabling that. GoStudent’s position in the online world, together with our strong brand and physical position in Germany, will create a blueprint for building individual, dynamic learning paths so each student can not only improve their grades but unlock their full potential,”* added **Lorenz Haase**, CEO, Studienkreis. *“We are very excited to be part of this next phase of growth.”* **Nils Pohlmann**, Partner at IK, added: *“It has been a pleasure working with Lorenz and his team at Studienkreis. Education and people are the essence of our modern society and Studienkreis and GoStudent are leading players for tutoring services. We wish them the very best for their joint journey.”* Studienkreis will continue operating independently under its current leadership team while the two companies aim to identify synergies over time. **-ENDS-** **About GoStudent** GoStudent is one of the world-leading online tutoring agents and, with a €3BN valuation, Europe’s highest valued EdTech company. GoStudent was founded in Vienna in 2016 by Felix Ohswald (CEO) and Gregor Müller (COO). Currently, GoStudent is serving customers in 20 countries. Via its platform GoStudent provides paid, one-to-one, video-based tuition in more than 30 subjects to primary, secondary and college-aged students, using a membership model. Various investors, including Prosus and SoftBank Vision Fund 2, have invested more than 590 million euros in the rapidly growing platform. GoStudent employs 1,600 people and works with 23,000 self-employed tutors. Over 1.5M tutoring sessions are booked each month. www.gostudent.org **About Studienkreis** Studienkreis is one of the leading private education providers in Germany. The company offers quality tutoring and school-accompanying lessons both online and on-site at more than 1,000 locations. Since 1974, Studienkreis has helped more than 1.5 million students of all grades and school types to fully develop their personal potential in all common subjects. The personalised support follows a scientifically proven learning concept, for which Studienkreis receives awards year after year in recognition of its high quality and effectiveness. Studienkreis is a pioneer in digital learning in Germany and has been offering its customers comprehensive digital learning services and online tutoring since 2012. www.studienkreis.de **About IK Partners** IK Partners (“IK”) is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €14 billion of capital and invested in over 170 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit www.ikpartners.com

- GoStudent has opened its US headquarters in Austin, Texas - The EdTech scale-up will offer individualized online tutoring for standardized tests, academic support and interest-based learning - GoStudent aims to grow its US business to 150k sessions booked monthly by the end of 2022 **Austin, Texas, 22nd March 2022** - As part of its ongoing mission to become a world-leading education provider, EdTech unicorn GoStudent has announced its expansion to the US, with headquarters based in Austin, Texas. Following a successful soft launch in November 2021, GoStudent is ready to provide tailored online tutoring sessions in over 30 subjects to a potential market of 50 million K-12 students. Prioritizing sustainable learning success, GoStudent offers memberships of between six and 36 months, with price per session ranging from $32 to $50, based on the package chosen. GoStudent is the highest valued EdTech scale-up in Europe, and operates in 23 markets, including numerous countries in Latin America and Europe, as well as Canada and Turkey. **US holds promising market potential for GoStudent's online tutoring services** GoStudent aims to offer millions of families in the US access to affordable, tailored, one-on-one tutoring for their children, including coaching for standardized tests, such as the SAT. The company also offers tutoring in core school subjects as well as support in interest-based learning, such as coding. Tutoring is delivered remotely, via video, and carried out via GoStudent’s online platform. Within this platform, lessons can be scheduled and feedback shared. *"The market potential of more than 50 million students between the ages of six and 18 is enormous,”* says GoStudent’s Chief Growth Officer, Laura Warnier, who is responsible for driving GoStudent’s global expansion. *“The market conditions we’ve found entering the US are advantageous. We expect a high-quality tutor supply, due to the strong number of top universities and the fact that university students pursue side jobs while studying,” Warnier explains. “We are also mindful that in the US, online learning is already trusted and established. This, paired with the fact that there are large rural areas where access to quality physical tutors is limited, and where online tutoring will be welcomed, makes for a promising launch.”* Recent market studies conducted by GoStudent in the US show that more than 65 percent of surveyed parents have organized one-on-one tutoring for their child in the past 12 months and have paid an average of $68 per session. The typical price per session with GoStudent, depending on the package selected, is $41, which is 40 percent less than the US average. *“Our vision is to unlock the full potential of every student. On our journey to reach this goal, we are committed to offering access to high-quality education by using online solutions and by setting rates that are more easily affordable. Digitalization has always helped to democratize industries and applying this logic to education is long overdue.”*, says Felix Ohswald, Co-founder and CEO of GoStudent. **Start-up Hub Austin, Texas, selected for GoStudent’s US headquarters with Sam Best leading the entry into the US market** Sam Best, an experienced sales expert with vast leadership experience in a hyper growth environment, as well as a proven track record in building foundations for successful software and tech start-ups, was appointed to launch the US market in January 2022. *“Beside Sam's extensive experience, he is an inspirational leader who knows how to motivate his team with passion and energy. Overall, we are convinced he is a great cultural fit for GoStudent.”*, shares Laura Warnier. The EdTech unicorn has chosen to open its US base in Austin, Texas, becoming part of Austin’s exciting start-up environment. GoStudent will join the more than 7,000 high-tech companies and 100 incubators, accelerators and coworking spaces that are located in the city. Central to the strategic considerations in selecting this location is the rich talent pool in Austin. The city has the fifth highest concentration of college-educated adults, and more than one-third of the population is between 25 and 44 years old. *“We are looking for a bright and diverse workforce to fuel further growth. Austin has a very attractive talent pool of multifaceted individuals. This makes it a very promising location for us to source talents fitting our culture in order to gain a leading position in the US tutoring market.”,* says Sam Best, US Manager at GoStudent. **Ambitious growth plans** Throughout 2022, GoStudent aims to grow its Austin-based team to more than 130 talents, spanning tutor management, customer success and sales. By the end of the year, GoStudent aims to reach a volume of 150k sessions booked per month across the country. GoStudent’s US launch comes just weeks after its acquisition of the UK-based learning and revision platform Seneca Learning and Spain-based Tus Media Group, which offers an open marketplace for tutoring. In January 2022 GoStudent announced its $340 million Series D funding round led by Prosus and the subsequent company valuation of $3.5 billion. New York-based venture capital and growth equity firm, Left Lane Capital, has been investing in GoStudent since its Series A funding round in early 2020. *“We have seen many past investments, such as Hellofresh and Blinkist, come from Europe to the US with great success. We are thrilled that students in America will finally have access to high quality, one-on-one tutoring at affordable rates. GoStudent’s promise of affordable, personalized and convenient tutoring will be a great aid to students here, especially those in rural and lower income areas.”* says Vinny Pujji, Managing Partner at Left Lane Capital. Press images can be downloaded [here](https://drive.google.com/drive/folders/1BvPFlcNUH6TNic_rGl6HJA6zCguF1DAy?usp=sharing). **About GoStudent** GoStudent is one of the world-leading online tutoring providers and, with a $3.5 billion valuation, Europe’s highest valued EdTech company. GoStudent was founded in Vienna in 2016 by Felix Ohswald (CEO) and Gregor Müller (COO). Via its platform, GoStudent provides paid, one-on-one, video-based tutoring to K-12 students in over 30 subjects, using a membership model. Investors including Prosus Ventures, SoftBank Vision Fund 2, Left Lane Capital, Coatue and DST Global have already invested a total of over $669 million in the rapidly growing platform. In 2021 GoStudent acquired FoxEducation, followed by Seneca Learning and Tus Media Group in 2022. Currently, GoStudent supports more than 11 million people worldwide. GoStudent is serving customers in 23 countries, employs more than 1,800 people, and works with +19,000 tutors. Over 1.5M tutoring sessions are booked each month. https://www.gostudent.org/us **Media contact**: Kristina Bassett I Head of PR & Communications at GoStudent M: +44 786 914 3214 I E: [email protected]

**London, 2nd March 2022** - GoStudent, Europe’s first EdTech unicorn, has announced the appointment of Duncan McIntyre, formerly Managing Director at Delivery Hero’s investment fund, DX Ventures, as its Chief Financial Officer. The company also welcomes Felix Kernbichler as its Chief Legal Officer. These significant additions to GoStudent’s C-Suite offer substantial experience in finance and M&A, and signal the company’s ambitious growth plans as it strives to become the number one global school. In January 2022, GoStudent raised a Series D investment round of €300M, and in February 2022, the company acquired UK-based Seneca Learning and the Spanish Tus Media Group. As Chief Financial Officer, Duncan will lead GoStudent’s finance department, where he will be responsible for fundraising and M&A activities. Duncan has more than 15 years of experience in the field of finance, including a strong background in M&A. In his prior roles as Senior Vice President of Corporate Finance and Managing Director of DX Ventures at Delivery Hero, he developed the company’s global strategy and led the growth activities of 100 transactions, including M&A worth €5Bn, fundraising activities amounting to €4Bn, and various venture capital investments under the fund DX Ventures. Duncan was also responsible for building out the investor relations function at Delivery Hero as well as the IPO planning and execution process. With his extensive experience in global growth strategies, Duncan is looking forward to bringing the hypergrowth activities at GoStudent to the next level. *“I am thrilled to join one of the most exciting and fast-growing technology companies in Europe. The opportunity to create a global leader in the education sector is unique. I am incredibly impressed by the culture, high caliber of people, and focus on execution that Felix, Gregor and the team have built at GoStudent.”,* says Duncan McIntyre, Chief Financial Officer at GoStudent. Felix Ohswald, Co-Founder and CEO of GoStudent says: *“We are very excited to have Duncan onboard. His extensive experience in building and scaling hypergrowth businesses, leading one of Europe’s largest tech IPOs, significant fundraising and international M&A experience will be able to contribute to the mission of building the No. 1 global school.”* In the new position of Chief Legal Officer, Felix Kernbichler is responsible for GoStudent’s legal affairs and will in particular advise on all fundraisings and acquisitions. Felix has a strong background in corporate law, venture capital and M&A. For the past five years, he has worked at a renowned Austrian law firm which focuses on startups. During this time, he advised on many of the biggest venture capital transactions in Austria. At the beginning of 2022, Felix founded his own private practice in Vienna and started to support GoStudent as Chief Legal Officer. His mission for GoStudent is to efficiently negotiate and facilitate all fundraisings and acquisitions and provide legal solutions that enhance the business. His knowledge and experience in supporting scale-ups from a legal side will enable GoStudent to grow at an enhanced speed. He will be supported by an in-house legal team that GoStudent will significantly expand over the next year. *“Having advised GoStudent since 2018, I am very happy to support now in a much more involved role. Coming from a family of teachers, I care deeply about quality education and know first-hand what a difference it can make. Considering the incredible untapped potential in education, I am sure GoStudent’s phenomenal growth was only the beginning and there is much more to come. I am very excited to be able to work alongside a great team to build the No. 1 global school.”*, says Felix Kernbichler, Chief Legal Officer at GoStudent. Felix Ohswald, Co-Founder and CEO of GoStudent says: *“Felix is a perfect fit for us as he has supported all financing rounds and acquisitions of GoStudent since 2018. With his profound knowledge in the field of law, he will be invaluable as we set in motion our plans for the future.”* **Press photo download:**You can download high-resolution press photos via this [link](https://drive.google.com/drive/folders/1caLTXYlPkZptctsfceoy5naT7pHdmSLK). **About GoStudent**: GoStudent is one of the world-leading online tutoring providers and, with a €3BN valuation, Europe’s highest valued EdTech company. GoStudent was founded in Vienna in 2016 by Felix Ohswald (CEO) and Gregor Müller (COO). Currently, GoStudent is serving customers in 22 countries. Via its platform GoStudent provides paid, one-to-one, video-based tuition in 30+ subjects to primary, secondary and college-aged students, using a membership model. Various investors, including Prosus and SoftBank Vision Fund 2, have invested more than 590 million euros in the rapidly growing platform. In 2021 GoStudent acquired FoxEducation, followed by Seneca Learning and Tus Media Group in 2022. Currently, GoStudent is serving customers in 22 countries, employs more than 1,500 people, and works with +15,000 tutors. Over 1.5M tutoring sessions are booked each month. Learn more here: www.gostudent.org. **Media contact**: Kristina Bassett I Head of PR & Communications at GoStudent M: +44 786 914 3214 I E: [email protected]