13 million euros for EdTech start-up Masterplan

The Bochum-based start-up has raised two convertible bonds. Co-founder and Co-CEO Daniel Schütt will be stepping down in future.

The Bochum-based EdTech start-up Masterplan has raised 13 million euros from existing investors within a year. The company already concluded a convertible loan in the mid-single-digit million euro range in September last year, and now the second bond has followed. Masterplan will use the additional funds 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 toolkit that customers can use to create their own learning courses. "We entered the market in 2017 as the Netflix for digital training with high-quality learning content. Masterplan is now the all-round solution for all learning activities in companies," says Stefan Peukert, founder and CEO of Masterplan.

Masterplan has benefited from the pandemic and tripled its turnover last year. "With the new capital, we want to be the best offer on the market for small and medium-sized companies in addition to our focus on corporations. 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 flexible solution for all customer needs," announces Peukert.

Masterplan's management team is also being restructured. Talip Yenal joins from Amorelie and becomes Chief Financial Officer. Daniel Schütt, previously co-CEO and co-founder, announced that he would be stepping down and joining the company's advisory board. "The past three years have been an incredibly exciting and successful journey for Masterplan. The time is now right for me to pursue my desire to spend more time with my family," says Schütt. "During this time, I will focus on working with some of our most important customers and supporting Masterplan in strategic matters for the next steps."