Austrian EdTech Platform GoStudent Bags $300M in a Series D Funding Round

GoStudent is a digital learning platform that provides online instruction as well as paid individual classes in all topics. The company wants to help students attain their full potential by using online instruction to replace traditional tutoring. GoStudent, a Vienna-based EdTech platform that connects K-12 children (and their parents) with one-on-one video-based instructors in a range of areas, has secured $340 million (300 million euros) in a Series D round of investment headed by new investor Prosus, an Amsterdam-based consumer internet firm. In terms of the funds raised, Felix Ohswald, Co-Founder and CEO of GoStudent, said in a statement: “Education has seen a whirlwind of change, from remote classrooms to heightened academic ambitions, and we believe that the learning of students around the world there is a huge opportunity to change the way we live by expanding access to quality education.” Following the covid-19 epidemic, which compelled students to learn online and was later seen as a more efficient way to acquire tutoring, GoStudent is seeing a surge of interest in edtech.

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