Ten million euros for Knowunity

The edtech wants to use the new funding to expand into Italy, the UK and the USA.

The start-up Knowunity is raising ten million euros in a Series A financing round. The lead investors in the round are Redalpine from Zurich and Stride VC from London. Existing investors such as Project A and angels Verena Pausder and Mario Götze are also said to have invested in the start-up again.

Benedict Kurz (CEO), Lucas Hild, Gregor Weber, Julian Prigl and Yannik Prigl founded the learning platform while they were still at school in 2019. The digital platform offers students the opportunity to create and download learning content and share it with other students. According to the start-up, it has 2.4 million users to date. The company plans to use the capital from the financing round to grow from 60 to 100 employees this year. The money will also be invested in product development to generate new formats and learning opportunities.

In addition to the German market, Knowunity is already active in France, Poland, Austria and Switzerland. "We see that Knowunity is used just as much in other countries as it is in Germany and will therefore help millions of students in many other countries in the foreseeable future through our efficient internationalization model to create the first global platform for students," says Kurz. The company now plans to use the new capital to expand into Italy and the UK. In the medium term, the company also wants to bring its platform to the USA.