GoStudent, a leading education platform and tutoring provider, has successfully raised €86.7 million in a strategic funding round. The funds will be used to support the company’s hybrid education vision and accelerate the integration of artificial intelligence (AI) into its platform. The raise, which consists of a mix of equity and debt capital, includes participation from Deutsche Bank, as well as renowned investors such as Left Lane Capital, DN Capital, Tencent, Prosus, DST, Coatue, and Softbank Vision Fund 2.
GoStudent’s hybrid education vision aims to combine innovative technology with a human touch to create personalized learning solutions. Recognizing that there is no one-size-fits-all approach to education, the company plans to utilize the funding to bring enhanced hybrid learning solutions to the DACH region (Germany, Austria, and Switzerland). This means offering families in these countries access to tailored packages that cater to their child’s specific learning style and needs. These packages will include 1:1 online tutoring, group offline lessons, and sessions through GoVR, the company’s newly-launched virtual reality language learning platform.
What sets GoStudent apart is its commitment to flexibility. Families will have the freedom to choose between offline and online tutoring, depending on their preferences and circumstances. For example, if a family is traveling during the summer but still wants to maintain momentum in their child’s learning, they can opt for 1:1 online lessons. Similarly, if a child enjoys learning English with other children but requires 1:1 support in mathematics, GoStudent can accommodate these specific needs. The company believes that hybrid education is key to ensuring long-term learning success and meeting the individual needs of each student.
In addition to its hybrid approach, GoStudent is placing a strong emphasis on AI integration. The company envisions leveraging AI technology to revolutionize the education sector. GoStudent plans to develop AI-driven tools that will empower its more than 23,000 tutors. For instance, an AI lesson plan generator trained on the local curriculum will save tutors an average of 15 minutes per lesson. This time-saving feature is significant given the high volume of lessons taking place on the GoStudent platform each month. Furthermore, GoStudent will introduce AI-driven content-based learning, allowing students to engage with tailored educational material between lessons.
GoStudent’s CEO and co-founder, Felix Ohswald, highlights the positive impact that personalized learning can have on a child’s confidence. By blending AI-driven study support and virtual reality lessons with traditional tutoring, the company believes it can create an individualized learning path for each student, preparing them for success in the future.
Founded in 2016, GoStudent has rapidly grown to support over 11 million families globally. The company operates in 15 countries, and its platform facilitates more than 1 million 1:1 online tutoring lessons each month. With the successful funding round and strong support from investors, GoStudent is well-positioned to advance its hybrid education vision and drive the future of education.
