Sdui buys FoxEducation and raises a further 21 million euros

With the acquisition of FoxEducation, Sdui strengthens its position as a leading provider of education technology in Europe and now serves over 22,000 schools and daycare centers. In addition, Sdui has raised a further 21 million euros from existing and new investors. Summiteer and HV Capital lead the new financing round.
Koblenz / Vienna, July 17, 2024 - The Koblenz-based Sdui Group, one of the leading providers of education technology in Europe, has acquired the education platform FoxEducation with its brands SchoolFox, KidsFox and TeamFox. Fox Education Services GmbH previously belonged to GoStudent, one of the world's leading tutoring providers and education platforms.
At the same time, Sdui has received a further 21 million euros from investors. Summiteer and HV Capital are leading the new financing round with broad support from new and existing investors, including Haniel, Brighteye, Michael Hinderer and HTGF. Together with the 25 million euros from the first financing round (Series A), the EdTech provider has raised a total of 46 million euros. The company is investing part of this sum in the acquisition of FoxEducation.
With a growing, holistic product offering, this exciting acquisition will enable Sdui to better serve educational institutions in German-speaking countries and consolidate our position as the largest digitization partner for educational institutions in Europe.
Daniel Zacharias, founder and CEO of the Sdui Group
With the acquisition of FoxEducation, the Sdui Group intends to establish itself as a market-leading EdTech provider in the field of communication and messaging for schools and daycare centers in German-speaking countries. The company is active in all three countries of the DACH market with a broad product portfolio. With the acquisition of FoxEducation, the Sdui Group serves a customer base of 22,000 educational institutions across Europe.
This partnership will ensure that our customers receive the best possible tools for their educational needs. By pooling our resources, we will offer even more comprehensive and effective solutions than before, benefiting students, teachers and parents alike.
Philipp Fendt, Co-CEO of FoxEducation
Similar to Sdui, FoxEducation also offers innovative solutions to improve communication between teachers, educators, studentsand parents. In the future, Sdui and FoxEducation will combine their expertise to further improve their products. Both companies also expect that this will lead to stronger growth. FoxEducation has already had three successful years of growth: the education platform was acquired by GoStudent in September 2021 and grew by over 70 percent under the company's management.
While FoxEducation's growth represents a significant achievement for GoStudent, FoxEducation's capabilities have evolved in a different direction than GoStudent's core business of personalized tutoring. For this reason, GoStudent has been able to leverage fewer immediate synergies with FoxEducation than with its broader portfolio: TusMedia, Seneca and Studienkreis. Determined to drive education through the use of technology, the sale of FoxEducation to Sdui Group is a strategic move aimed at improving communication between schools, parents and students and strengthening the EdTech ecosystem in the DACH region.
The Sdui Group plans to use the new funds to further invest in its platforms and make everyday life in schools and daycare centers even easier.

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