Charly buys StudyStuff
The Berlin start-up buys the Munich learning platform. The responsible parties now want to merge the content with their own offering.
The Berlin-based start-up Charly Education currently offers a student cloud, wants to grow further and has now made an acquisition. The Berliners swallow the Munich learning platform StudyStuff for an undisclosed price and want to merge the content of both platforms. Charly expects to become the leading learning platform in Germany. StudyStuff founder Nicolas Colsman remains on board as an advisor.
Originally launched as a printing service for students, Charly now specializes in its own learning tools. Students can create digital flashcards on the platform and talk to tutors, who can choose to send solutions via video or image. Then in February, the startup had closed a Series A funding round of three million euros.
The acquisition of StudyStuff is now expected to grow the in-house library of exam-related questions. Daniel Schosser and founder Nicolas Colsman had launched the start-up in 2016 and were part of the Accelerator of LMU Munich in the two years that followed. They now have 100,000 members. Together, the two companies have over 500,000 members, which makes Charly the leading platform in the field. The start-up's goal is supposed to be that students could digitally prepare for exams.
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