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 Startbase

a 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.