This makes Vienna’s so-called “unicorn” – and the highest-ranked educational technology company in Europe.
Vienna-based teaching company GoStudent has raised €205 million from investors such as Softbank and Tencent, Kronen Zeitung reported on Tuesday. With a valuation of over €1.4 billion, it is the most valuable startup in Austria ahead of Bitpanda for comparison: Runtastic was worth €220 million when sold to Adidas, and according to Reuters, GoStudent is Europe’s highest-rated Ed-Tech.
Further expansion will be driven by funds from investors. The startup now has more than 500 employees in twelve locations around the world. More than 400,000 hours of private lessons are booked via the platform every month.
For GoStudent, this is the third round of funding, which is the so-called Series C investment. According to a broadcast from GoStudent, it was led by investor DST Global, who is also in Bitpanda. In addition to DST Global, Japanese tech investor Softbank and Chinese internet giant Tencent also participated.
GoStudent becomes a unicorn
With the company valuing at over a billion, one speaks of a “rhinoceros” in the startup scene. The first unicorn in Austria is only three months old and still practically a pony in its own right: it is the Vienna-based cryptocurrency company Bitpanda, which has made over €1 billion with an investment of €170 million.
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