Austria-based online learning unicorn GoStudent has secured a $95 million funding round– a mix of equity and debt capital. Involved in the investment were Deutsche Bank, and investors including Left Lane Capita, DN Captial, Tencent, Prosus, DST, Coatue, and Softbank Vision Fund 2.
The company valued at 3 billion pounds, is planning to invest the fund to fuel the expansion of hybrid and personalized learning solutions in the DACH region which includes Germany, Austria, and Switzerland. Students can avail of different learning options including GoStudents’s recently launched VR language learning platform.
The GoStudent team has sharpened its online learning offering, developed a sustainable model, and expanded across Europe. By leveraging the latest technology, GoStudent aims to offer immersive and engaging learning environments.
GoStudent’s CEO and co-founder, Felix Ohswald, highlighted the positive impact of personalized learning on learners. He said that personalized learning aligns with GoStudent’s mission to empower students and help them reach their full potential.
As the eLearning industry continues to grow, GoStudent is well positioned to capitalize on this trend. Its extensive network of tutors and wide range of services for students and parents, make it a key player in the industry. With the latest funding raised, GoStudent is going to expand its reach and solidify its position as a leader in the edtech industry.
In conclusion, an eLearning company receiving huge funding of $95 million is a testament to the lucrative opportunities this industry offers. It was a milestone in the company’s journey to transform education. As it continues to evolve and grow, GoStudent is all set to shape the future of the education industry worldwide.
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