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.”
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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]