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GoStudent acquires UK-based Seneca Learning and Spanish Tus Media Group
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Feb 1, 2022
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EdTech: K-12

EdTech: K-12

Feb 1, 2022

GoStudent acquires UK-based Seneca Learning and Spanish Tus Media Group

M&A

  • GoStudent, an online tutoring platform, acquired Seneca Learning, a UK algorithmic learning content provider, and Tus Media Group, a Spanish open tutoring marketplace, for an undisclosed amount.

  • The acquisitions allow GoStudent to expand its product portfolio, entering the learning content and open tutoring spaces, where both companies will continue to operate under their current leadership teams, along with their brand names.

  • Seneca Learning is a homework and revision platform that offers freemium content on KS2, KS3, GCSE, and A-Level courses for students across the UK. The platform has reportedly been bootstrapped since its inception and currently serves ~7 million students. 

  • Tus Media Group is an open marketplace for tutors based in Europe and Latin America. The platform currently serves ~4 million students.

<ul><li> Analyst QuickTake: These acquisitions follow GoStudent’s Series D fundraise of EUR 300 million (~USD 340 million) in January 2022 and its acquisition of Austrian school communication platform Fox Education in September 2021. The EdTech unicorn is focused on bolstering its product offering and market presence through key strategic acquisitions in six markets including the US, Asia Pacific, and MENA regions.

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