Vienna-based GoStudent, an online tutoring platform, raised EUR 205 million (USD 244 million) in Series C funding in a round led by DST Global, with SoftBank Vision Fund 2, Tencent, Dragoneer, Coatue, Left Lane Capital, and DN Capital also participating. 

The company achieved unicorn status with this funding round with a valuation of EUR 1.4 billion (USD 1.7 billion) and is the highest valued K-12 educational technology company in Europe to date. 

This round follows a EUR 70 million (USD 82 million) Series B funding round in March 2021, and a EUR 13.3 million (USD 15.7 million) Series A funding round in November 2020.

The funds will be used toward branding, product development, and possible acquisitions, as well as further expansion across Europe and beyond.

Founded in 2016 by Felix Ohswald and Gregor Mueller, GoStudent operates an online tutoring platform offering live, individual, and group sessions. It uses artificial intelligence (AI) to match tutors with students and offers a free social homework chat for students to discuss their questions with others. As of June 2021, the platform had about 5,500 tutors, a customer base of about 15,000, and around 400,000 monthly sessions booked. With a presence in 18 countries as of June 2021, GoStudent plans to expand its services to 20 countries and expand its tutor base to more than 10,000 by the end of 2021.