13 million euros for EdTech start-up Masterplan

Tom Schmidtgen Tom Schmidtgen | 23.06.2021

The Bochum-based start-up has raised two convertible bonds. Co-founder and Co-CEO Daniel Schütt is cutting back in the future.

The Bochum-based EdTech start-up Masterplan has raised 13 million euros from existing investors within a year. Already in September last year, the company closed a convertible loan in the mid-single-digit million range, now the second bond follows. Masterplan will use the additional money to further expand the development and distribution of its software. The company offers SaaS learning software, including online courses on digitalization and, most recently, a no-coding kit that allows customers to create their own learning courses. "We entered the market in 2017 with high-quality produced learning content as the Netflix for digital training. Meanwhile, Masterplan is the all-round solution for all corporate learning activities," says Stefan Peukert, founder and CEO of Masterplan.

Masterplan has benefited from the pandemic and was able to triple its sales last year. "With the new capital, in addition to our focus on corporations, we also want to be the best offering on the market for small and medium-sized companies. To this end, we are investing in the further development of our software, as this is the only way we can offer the most intuitive and maximally flexible solution for all customer needs," Peukert announces.

In addition, Masterplan's management will be restructured. Talip Yenal comes from Amorelie and becomes Chief Financial Officer. Daniel Schütt, previously co-CEO and co-founder, announced he will step down and join the company's advisory board. "The past three years have been an insanely exciting and successful journey for Masterplan. The time is now right for me to pursue my desire to spend more time with my family," said Schutt. "In it, I will focus on working with some of our most important clients and helping Masterplan with strategy issues as we take the next steps."


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