GoStudent secures $95 million to advance hybrid learning and AI integration

Well-known investors such as Deutsche Bank and Left Lane Capital are participating in the financing of the EdTech company, which already supports more than 11 million families worldwide and provides over 1 million online tutoring sessions per month.

Vienna - Global education provider GoStudent has announced a $95 million capital increase. This investment aims to drive the development of hybrid learning solutions and promote the integration of artificial intelligence (AI) in education.

The capital raise is through a combination of equity and debt and is backed by prominent investors including Deutsche Bank, Left Lane Capital, DN Capital, Tencent, Prosus, DST, Coatue and Softbank Vision Fund 2.

Through a hybrid offering of AI-driven learning support or virtual reality instruction in small groups paired with traditional tutoring, a truly customized learning environment can be created for each individual child

Felix Ohswald, CEO and Co-Founder GoStudent

GoStudent plans to invest the funds it receives in expanding innovative hybrid learning solutions for the DACH region (Germany, Austria, Switzerland). According to an internal study by GoStudent, 61 percent of parents surveyed showed interest in a combination of online and offline learning tools for their children. The company will develop specialized offerings, including online one-on-one tutoring, offline group tutoring and the new virtual reality language learning platform GoVR.

The team has refined its core online tutoring offering, built a sustainable model and grown across Europe. GoStudent will significantly expand its existing VR offerings and capabilities

Harley Miller, CEO and Managing Partner Left Lane Capital

In line with its strategy to integrate modern technologies into education, GoStudent will develop AI-powered tools. These include an AI curriculum generator designed to save teachers time, as well as customized learning opportunities for students.

GoStudent is known for its extensive portfolio that supports more than 11 million families worldwide. The company brokers more than 1 million one-on-one online tutoring sessions per month and operates in 15 countries. Investment in AI in education is supported by estimates that suggest the global AI market could reach $10-20 billion by 2027. This estimate is based on analysis from reports such as Global Market Insights, Grand View Research, and Global Market Estimates, as well as internal insights from Holon IQ.

GoStudent, founded in Vienna in 2016, is the highest valued EdTech company in Europe with a valuation of €3 billion. The company has recently made several acquisitions, including Seneca Learning, Tus Media, Fox Education and Studienkreis. GoStudent employs over 1,500 employees* and supports more than 5 million families worldwide every month.