Sofatutor increases sales strongly
The Berlin-based start-up increased its revenue by 24 percent in 2019. In 2020, the start-up wants to present even better figures. The corona pandemic may have helped.
"Revolutionizing learning with videos," is how Sofatutor founder Stephan Bayer described his own vision to Startbasea few weeks ago. The revolution is apparently also working out financially: In 2019, the Berlin-based start-up was able to hire 19 employees and increase its revenue by 24 percent from 11.2 million euros to 13.9 million euros. According to the annual report, the bottom line was a minus of 1.4 million euros, less than in the previous year.
According to the company, the good result is due, among other things, the in-house app went to the start, in addition, they were able to win some new customers. A total of 15 million euros was invested in Sofatutor by the end of 2019.
The start-up also expects good figures for the past year. The prospects for the digital learning platform for students were particularly good through Corona: the access numbers rose rapidly after the school closures, "for 2020, further growth is expected", writes the company. Then "a positive result and thus a significant increase compared to 2019" should be achieved.
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