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2021 GoStudent Education Report

Explore our first education report

From educational wellbeing to learning in a pandemic, this report tells the story of how parents and students across Europe have experienced schooling over the last year.

Read the report

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

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 23 countries. Via its platform, GoStudent provides paid, one-to-one, video-based tuition to primary, secondary and college-aged students in 30+ subjects, using a membership model.

Various investors, including Prosus and SoftBank Vision Fund 2, have already invested a total of +590 million euros in the rapidly growing platform. GoStudent employs more than 2,000 people and works with +20,000 tutors. Over 1.5 million tutoring sessions are booked each month.

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We are writing history

€590m

Investments

19,000+

Tutors

1.5m+

Lessons monthly

1,800+

Employees

23+

Countries

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 more than 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 36 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 🦄

GoStudent further strengthens 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 overseas and the first office outside of Europe is opened in Mexico City. At the end of 2021, GoStudent operates in 22 countries and has 22 international offices.

2022

GoStudent receives €300 million investment & conquers the world 🌍

Just seven months after its Series C investment, GoStudent raises a Series D round of €300m and more than doubles its company valuation to €3bn. The new funding will strengthen GoStudent's three strategic pillars: international expansion, product expansion through mergers and acquisitions, as well as market share growth in existing regions. In the first quarter of 2022, GoStudent acquires Seneca Learning and Tus Media Group and expands to the US. With a team of +2,000 employees and +20,000 self-employed tutors, GoStudent books more than 1.5 million tutoring lessons 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

Duncan

Duncan Mcintyre

Chief Finance Officer

Felix Kernbichler

Felix Kernbichler

Chief Legal Officer

Press Releases

United Kingdom , 22 March 2022 EdTech unicorn GoStudent launches its one-on-one online tutoring services in the US

- 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]

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United Kingdom , 02 March 2022 EdTech unicorn GoStudent bolsters C-Suite and appoints Delivery Hero’s Duncan McIntyre as Chief Financial Officer and Felix Kernbichler as Chief Legal Officer

**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]

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United Kingdom , 02 February 2022 EdTech unicorn GoStudent to acquire UK-based Seneca Learning and Spanish Tus Media Group

**London - February 2, 2022** - As part of its ongoing mission to become the number 1 global school and a leading education provider, GoStudent has announced the acquisition of two established European education companies. The EdTech unicorn will extend its product offering through the integration of algorithmic learning content via the acquisition of Seneca Learning, and will increase its access to the addressable market by acquiring Tus Media, which provides an open tutoring marketplace. Both acquired companies will continue operating independently under their current leadership teams and with their established brand names. This announcement comes just one month after GoStudent raised €300M in Series D funding and follows GoStudent’s 2021 acquisition of Fox Education, an Austrian all-in-one school communication solution. **Seneca Learning acquisition: enriching GoStudent’s portfolio through the addition of adaptive & AI-based learning content** With approximately seven million students using Seneca Learning, it is the fastest-growing freemium homework and revision platform in the UK. The EdTech company uses algorithms to help students remember topics more easily. Children can choose from more than 1,000 KS2, KS3, GCSE & A-Level courses, developed based on exam board specifications. With the acquisition, GoStudent aims to integrate Seneca Learning’s algorithms & AI-based features into the GoStudent membership, enriching the experience of its students. Not only can Seneca Learning be used during tutoring sessions, it will also provide students with smart learning content that will help them to memorise subject material at their own pace outside of lessons as well. *“The United Kingdom is one of GoStudent's core regions, and we aim to become the market leader. We have listened to the needs of our customers, and adding a content platform to our core offering is an important strategic step for us, allowing us to further enrich our learning offerings and diversify our portfolio”*, says Felix Ohswald, CEO and Co-Founder of GoStudent. In addition, GoStudent plans to bring Seneca Learning’s services to markets outside of the UK, where GoStudent already has a presence. *“Working with Felix and the GoStudent team will allow us to bring Seneca’s free content and personalised learning experience to millions more students in different countries across the world. The team is excited to build on our success in the UK and take our product international to give more children access to an amazing free education"*, says Stephen Wilks, Co-Founder and CEO of Seneca Learning. **Tus Media acquisition: increasing the addressable market** Founded in 2011, Tus Media offers an open marketplace for tutors serving four million students. The company brings together teachers, students and academies to arrange online or offline tutoring sessions, based on the user's preferences. The company’s first service, *Tusclasesparticulares*, is now a leading marketplace for connecting students with teachers in Spain, and has grown quickly in several European and LATAM countries. Tus Media’s second venture, *Classgap*, provides a virtual classroom delivering individualised teaching experiences remotely. With the acquisition, GoStudent aims to leverage the strategic fit between the two platforms. Expanding its offering will allow GoStudent to grow its addressable market and reach more families globally. Additionally, students seeking structured, sustainable, long-term tutoring support will be able to access managed tutoring services from GoStudent via Tus Media's platforms. *“Albert Clemente is one of the most passionate and dedicated education entrepreneurs we have ever met. Working with him as a partner and learning from each other will allow us to get one step closer to becoming the number 1 global school”*, says Gregor Müller, COO and Co-Founder of GoStudent. *“The acquisition by GoStudent gives us the thrust to further scale Tus Media with all its brands to new markets and expand to even bigger regional geographies. I am excited to continue in my role as CEO to ensure Tus Media's success and grow the team further!”*, says Albert Clemente, Founder and CEO of Tus Media Group. David González Castro, founder and CEO of Redarbor - Tus Media’s former investor on the acquisition by GoStudent: *"In 2018, we acquired 20 percent and later 30 percent of participation in Tus Media. After the acquisition by GoStudent, we will leave the shareholding. I am very proud of all the success we have achieved in collaboration and value creation with Albert Clemente. Albert and I met at Anuntis and I am very happy that he found a company like GoStudent to develop Tus Media's full potential."* goetzpartners Corporate Finance acted as exclusive M&A advisor to GoStudent in both transactions. J&A Garrigues acted as legal advisor in the acquisition of Tus Media, while Osborne Clarke UK acted as legal advisor in the acquisition of Seneca Learning. GoStudent’s founders aim to assess further acquisition opportunities this year, in order to build a holistic learning ecosystem that will take education to the next level worldwide. Press images can be downloaded [here](https://drive.google.com/drive/folders/1jE1XrN412gam-kQD5oEZa99ScI46Ayii). **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). Via its platform, GoStudent provides paid, one-to-one, video-based tuition to primary, secondary, and college-aged students in 30+ subjects, using a membership model. Various investors such as Prosus Ventures and SoftBank Vision Fund 2 have already invested a total of +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. www.gostudent.org **About Seneca Learning** Seneca Learning is one of the most-used free learning platforms in the world. Since Seneca’s launch in 2018, 7.1 million people have used Seneca’s adaptive learning platform to study more effectively. The Seneca platform uses cognitive science, gamification and adaptive algorithms to deliver the best learning experiences for students, parents & teachers. Going forward, Seneca’s goal is to build the best free education product for students across the world. www.senecalearning.com **About Tus Media group** Tus Media group, founded in 2011, offers educational platforms that let students or companies easily connect with teachers from all over the world. Its goal is to make personalised and quality one-to-one education accessible to everyone, through its brands: Tusclasesparticulares.com, Voscours.fr, Letuelezioni.it and Classgap.com. Tus Media currently employs 50 people and operates worldwide, with a special focus on Southern Europe (Spain, France and Italy) and Latin America (Mexico, Colombia, Peru, Chile, Argentina, Ecuador, Costa Rica, Uruguay and Venezuela). From 2018 to January 2021, the shareholding of Tus Media was 30% owned by Redarbor. www.tusmedia.com **About Redarbor** Redarbor is an international company with headquarters in Barcelona. It is the market leader in employment websites and digital HR solutions, and has a presence in more than 25 countries. The company was founded in 2013 by the entrepreneur David González Castro, who previously founded Anuntis – Adevinta Spain (fotocasa, segundamano, infojobs and coches.net). Since its inception, Redarbor has become the third-largest online employment group in the world and the largest one in Latin America. The company has 7 offices worldwide and more than 400 employees. **Media contact**: Kristina Bassett I UK/IE PR & Communications at GoStudent M: +44 786 914 3214 I E: [email protected]

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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