Private Lesson Platform GoStudent Receives Investment

GoStudent recently raised an additional $95 million in funding from investors including Deutsche Bank, Left Lane Capital, DN Capital, Tencent, Prosus, DST, Coatue, and Softbank Vision Fund 2. It brought the total amount raised by GoStudent to an impressive $686.3 million. What is the plan for the company, which is valued at around €3bn? It plans to use the funds to expand its hybrid learning solutions in the DACH region and further develop its virtual reality language learning platform.

For online private lessons platform GoStudent, acquisitions have played an important role in the company's growth strategy. Last year, the edtech unicorn acquired Studienkreis, a traditional private lesson company based in Germany. This move also allowed GoStudent to integrate complementary products into its platform and strengthen its position in the market.

Also See: Apollo IoT Receives $675 Thousand Investment

Preparing to Shape the Future of Education

GoStudent aims to bring enhanced online and offline education support to the DACH region with the latest round of funding. One of the main focal points will be the expansion of the newly launched virtual reality language learning platform GoVR. GoStudent aims to create immersive and engaging learning experiences for students by utilising virtual reality technology. The company plans to prioritise the development of AI-powered tools as well as expanding its hybrid learning solutions. The company currently has about 23,000 teachers on its platform. And it plans to offer an AI lesson plan builder that is also trained in the local curriculum. This tool is expected to save teachers an average of 15 minutes per lesson and allow them to provide more personalised and effective teaching to their students.

Its extensive teacher network and comprehensive educational resources make the company a valuable asset for students, parents, and educators alike. It's also worth noting that with the latest funding infusion, GoStudent is poised to expand its reach and solidify its position as a leader in the edtech industry.