GoStudent, a leading provider of online tutoring services, recently announced it has closed Series D funding round at €300 million, led by Prosus.
GoStudent has rapidly grown with its innovative and technology-driven platform, helping more than 200,000 students with their online learning needs.
Let’s look into this Series D round and what it means for GoStudent.
Overview of GoStudent
GoStudent is a leading online tutoring service provider that provides quality, custom-tailored learning to students worldwide. With a proprietary platform powered by artificial intelligence, GoStudent offers a personalized coaching experience for each student.
Since its founding in 2012, GoStudent has grown to be an international provider of online tutoring services, serving thousands of students from over 160 countries. The company has raised over €300M in Series D funding from renowned investors such as Prosus and Endeavor Catalyst. This substantial funding will help GoStudent grow and expand its services worldwide.
GoStudent’s platform combines live video sessions with real-time feedback to track students’ progress. Additionally, students can find personalized insights on topics they are struggling with through the artificial intelligence feature on the platform. By helping students build self-confidence and learn how to best utilize their study time, GoStudent enables them to gain knowledge and achieve better grades while excelling academically.
GoStudent Raises €300M in Series D Funding led by Prosus
GoStudent, a Berlin-based online tutoring company, recently announced becoming one of the most well-funded European edtech startups with a successful closing of its Series D funding round. GoStudent raised €300 million in the new round of financing led by Prosus Ventures, alongside existing backers Cherry Ventures, Insight Partners and Global Founders Capital.
The new raise takes the total investment in GoStudent to upwards of €500 million and further solidifies its position as a leading provider of live digital tutoring services for kindergarten to late university level students. Founded in 2015 by CEO Jan Philipp Schmidt and his team, GoStudent has become one of Europe’s fastest growing startups on its journey to helping millions of students learn better through personalized service.
With the additional €300 million, GoStudent plans to expand within Europe and target other markets internationally to become ‘the world’s largest digital education platform’. The company is exploring opportunities for expansion in Asia and other international markets while continuing its significant development goals within Europe.
GoStudent offers more than 40,000 tailor-made live learning sessions per week to over 60,000 customers across Europe. Classes are taught entirely online through their highly interactive platform by verified teachers who can guide and personalize instruction according to each student’s needs. With this innovative approach, GoStudent aims to help bridge educational divides worldwide by providing accessible education for all children regardless of gender or social mediums available in countries they serve.
GoStudent’s Growth and Expansion
GoStudent, one of the leading providers of online tutoring services, recently raised €300M in Series D funding led by Prosus. This marks an important milestone in GoStudent’s growth and expansion as they now have the resources to provide better tutoring services to more students.
In this article, we will explore the impact of GoStudent’s new funding and the company’s future potential.
Expansion of services
The recent Series D funding obtained by GoStudent will fuel the expansion of its online tutoring services across Europe and Asia. With the help of this investment, they plan to roll out a larger range of AI-driven virtual learning offerings. In addition, it will further strengthen the company’s capabilities in delivering personalized teaching experiences to more students worldwide.
In addition, GoStudent seeks to optimize its existing teaching suite with engagement features such as Classroom Analytics, Student Base Management, Live Learning Content Library and Responsive Platforms. These features will guide teachers better in measuring their student’s performance.
By implementing advanced technology and data science tools that enable local educators to become more effective online trainers of a global audience, this investment will enable GoStudent to grow faster than ever before. Moreover, by utilizing the latest technological advancements, GoStudent intends to significantly impact student outcomes in underserved markets where access to quality education is limited throughout Europe and Asia.
Expansion of customer base
With a strong funding and asset base, GoStudent is positioned to expand its customer base by deepening existing relationships and expanding into new markets.
GoStudent’s growth strategy includes investments in geographic expansion and customer acquisition. The Company plans to employ an aggressive sales and marketing strategy to create value for its customers across all geographical areas. In addition, GoStudent aims to build trust with its customers by providing added value services and consistent tutoring quality.
GoStudent also plans on leveraging technology advances in artificial intelligence to develop innovative solutions such as auto-generated recommendations designed to improve student outcomes based on personalized preferences, optimize operational efficiency, and provide increased visibility into learners’ academic progress or growth metrics. With deep learning capabilities, the company attempts to apply data about student experiences with tutors to advance learner experiences for future sessions.
By expanding the customer base through innovation and creating an improved user experience through technology, GoStudent is confident that it can become a leader in online tutoring services while providing high-value services at competitive prices. Furthermore, investing in top talent across various functions, developing essential partnerships within the market, and leveraging upcoming technology advances should help drive this engine of growth further as they aim to strengthen their worldwide presence in the industry.
Expansion of geographic reach
GoStudent recently announced the completion of its €300M Series D Funding, led by Prosus. With this funding round, GoStudent plans to extend its global reach and make its tutoring platform accessible to students worldwide.
The company plans to focus on Asia and the US, with a strong presence in India and China. To this end, GoStudent clients can now find online tutors from those regions to take classes or guide their learning. Additionally, these tutors are some of the best in their field and vetted by GoStudent’s team personally before they get hired.
In addition to expanding its geographical reach, GoStudent has also started offering more comprehensive course packages for different student levels. These advanced course packages allow students to access more comprehensive teaching materials for each subject area or study skill. This improvement provides a higher level of support for students in their endeavors – increasing their chances of success overall.
Finally, with this fresh round of funding, the company can invest heavily in securing the right talent that will enable wider access and greater quality services worldwide. Their extensive recruitment process allows them to seek out experienced educators passionate about helping others reach their learning objectives successfully; aiding hundreds of thousands of students across multiple countries with every passing day.
Benefits of GoStudent
GoStudent, a leading provider of online tutoring services has recently secured €300M in Series D Funding led by technology investor Prosus. This funding will help GoStudent continue to expand its global reach and add new features to enhance the experience of its users.
In this article, let’s explore some of the advantages and benefits of GoStudent that make it the leader in online tutoring services.
Quality tutors
GoStudent is committed to ensuring you receive the highest quality tutoring services possible. Our online platform gives us access to a wide network of highly experienced and educated tutors from around the world. In addition, we vet for quality and experience in our team, so you can be confident your tutor is well-versed on the material you need help with.
Our tutors are available 24/7 so that you can get help when you need it most. Plus, with our live chat feature, you can connect with your tutor in real time and get the assistance you need while working on a challenging problem or concept.
Affordable pricing
GoStudent offers a range of affordable packages and plans for parents and students. With flexible pricing options, accessing tutoring help for various subjects has never been easier. So whether you need support with Math, Science, English or any other subject, GoStudent has a plan to suit your needs.
The ‘Family Plan’ is particularly popular as it allows you to purchase packages for two or more family members at once and save on tuition. It also makes online tutoring more accessible to budget-conscious families during economic hardship due to the pandemic.
GoStudent also offers special discounts and deals year-round to help keep tuition prices low and make online tutoring more accessible. With regular promotions, referral bonuses, free trial hours and exclusive seasonal offers, GoStudent strives to make quality tuition available at unbeatable prices.
Join hundreds of thousands of happy parents who have unlocked their children’s potential with GoStudent’s affordable online tutoring plans!
Wide range of topics
GoStudent provides comprehensive tutoring and personalized learning support for various topics. We cover Math, Science, English, History, and popular language courses such as French, Spanish, Italian and German. Our vast online resource library enables learners to progress from basic learning to higher-level skills in a comfortable virtual environment. Our experts help learners of all ages achieve their goals through private one-to-one tutoring sessions where instruction is tailored to the individual’s needs.
At GoStudent we understand how important the development of core skills such as reading, writing and problem solving are for students to succeed in their studies or professional endeavors. The program was designed with that in mind and each course has been carefully constructed for maximum impact. We strive to create teaching environments that are highly engaging and supportive but also challenge students academically so that they continuously improve. With regular performance checks and close observation by our experienced educators our approach ensures that no student gets left behind.
Our program’s success is largely due to the level of support offered by our team throughout the tutoring process. From providing helpful guidance on initial course selection to nurturing student’s progress we ensure complete satisfaction every step of the way. Besides providing world-class instruction via live video classrooms, we offer valuable counseling services designed specifically address any contemplation or anxiety encountered along the path towward academic success.
Investors
GoStudent, a leading provider of online tutoring services, is delighted to announce its €300M in Series D funding led by Prosus. This funding round, which attracted several investors, will enable GoStudent to continue its mission of changing how people learn, and expanding its reach within the EdTech sector.
Let’s look at the investors who participated in this round.
Overview of Prosus
Prosus is a European investment firm specializing in tech investments, focusing on growth equity and late-stage venture capital investments. Headquartered in Amsterdam, Netherlands, the company has offices in more than 20 countries across Europe, North America and Asia Pacific. It is one of Europe’s largest technology investment firms and has invested in over 190 companies across numerous sectors such as e-commerce, education technology and financial technology.
Prosus made headlines when they led a €300M funding round in GoStudent, an online tutoring platform that provides customised mentoring services to its users worldwide. The cash raise aim to help accelerate its growth strategy globally by expanding its capabilities and strengthening its foothold in existing markets like China. By partnering with Prosus, GoStudent will capitalize on their educational technology expertise and experience to bolster their efforts to make custom learning solutions accessible at scale worldwide.
Other investors in Series D funding
GoStudent’s Series D funding which closed in December 2020, was led by Prosus, one of the world’s largest internet and technology companies based in Amsterdam. Other investors participating in the round include existing investors Carlyle Group, Endeit Capital, Atomico and new investor Berlin-based venture capital firm Fluxunit. The €300 million far exceeded its earlier €100 million Series C funding round that closed in October 2019.
The capital will help to expand GoStudent’s online tutoring services into more territories and enable it to invest further in AI-driven product innovation, operational efficiencies and educational resources to benefit the world’s students. With this Series D funding, GoStudent has now raised a total of €518 million since it was founded in 2017.
Impact of Series D Funding
On Wednesday, April 28th, GoStudent raised € 300M in its Series D funding round led by Prosus. This funding round marks an important milestone for the company, and it further highlights the potential of its online tutoring services.
In this article, we will look at the implications of the Series D funding on GoStudent and how it will help shape the company’s future.
Increased resources
The €300M Series D funding provided by Prosus will open up a world of opportunities for GoStudent in terms of increased resources. The funding will help the company expand its reach, hire top talent, and invest in cutting-edge technologies. In addition to increasing resources available to the existing teams, this capital infusion will bring new technologies onboard and enable the company’s already tech-forward approach to be even more powerful.
The injection of funds also means that GoStudent can access specific resources that previously would have been too expensive or inaccessible for them. This includes specialized software and AI applications to enhance the online tutoring experience for students, dedicated teams of data scientists and engineers focused on improving performance metrics, and increased marketing budgets to help them spread awareness of their services worldwide.
This cash influx should also make it easier for GoStudent to acquire smaller businesses that present great growth opportunities or synergies with their services. Furthermore, operating profit margins are likely to improve from reduced overheads associated with legal costs and fund management activities due to this deal. Overall, the €300M investment from Prosus certainly sets up GoStudent well poised for development going forward into 2021 and beyond.
Expansion of services
The €300 million Series D investment raised by GoStudent will enable the company to expand its tutoring services and invest in strategic initiatives that drive its mission to become the world’s leading online tutoring platform. In addition, the funding will be used to further develop the company’s product offering, accelerate international expansion, introduce new technology-based learning solutions, and increase investments in artificial-intelligence-supported products and services.
The funding will also provide increased resources to develop GoStudent’s AI-powered learning tools and its integrated platforms which combine access to expert tutors with personalized academic coaching, tailored lessons plans, virtual classrooms with real time tracking of student progress, and personalized reports for each student.
Through this fundraising round, GoStudent aims to strengthen its position as a leader in global education technology. By leveraging its strengthened resources and expertise, GoStudent is poised to increase access to quality education worldwide while investing in innovative technologies that maximize student learning outcomes.
Enhanced customer experience
GoStudent’s Series D investment round has provided the company with the funds to further enhance their customer experience and develop innovative new technologies to help their tutoring services reach even more students worldwide. The firm plans to improve its online platform for a more engaging user experience and launch new tutoring services such as AI-powered chatbots and virtual reality (VR) tutorials. It will also involve investing in hiring experienced educators, building up its analytics capabilities, and expanding into new markets.
The capital will provide GoStudent with a much-needed cushion in an incredibly competitive market. Compared to traditional physical tutoring institutions, GoStudent relies on its unique technologies and top-notch educational professionals to offer students cost-effective yet personalized virtual learning experiences. The enhanced customer experience and technology will also boost user engagement levels and potentially improve overall learning outcomes for students.
Through this Series D funding round, Prosus has consolidated their relationship with GoStudent immensely. As key strategic advisor throughout this process, the well-known investment company has actively assisted the firm on strategic investments towards their overall growth strategy – especially with their focus on user experience and technology development.
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