Funding round
GoStudent Growth
Reported as "Growth Equity"
GoStudent, which works in personalized online tutoring services in Vienna, raised $95M in a Growth round announced on 3 Aug 2023, at a $3.30B post-money valuation. 8 firms took part. It is GoStudent's fifth venture round on record; the one before was a Series D in Jan 2022.
$95M
Amount raised
$3.30B
Post-money valuation
$3.21B pre-money
8
Investors
no lead named
1.0x
Step-up from the Series D
$3.40B in Jan 2022
2.9%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced GoStudent at $3.30B after the new money, 1.0 times the $3.40B of its Series D (Jan 2022). The $95M bought investors about 2.9% of the company. It came 19 months after GoStudent's Series D. It is 12% of the $767M GoStudent has raised in the venture rounds on record. No later venture round is on record for GoStudent.
GoStudent's funding rounds
GoStudent has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
8 firms took part; no lead investor was named.
Investors
- Deutsche Bank new investor
- backs 77 venture-backed companies new investor
- backs 55 venture-backed companies new investor
- Tencent new investor
- Prosus backs 44 venture-backed companies new investor
- DST Global backs 179 venture-backed companies new investor
- Coatue backs 229 venture-backed companies new investor
- SoftBank Vision Fund backs 234 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Learning, Tutoring & Courses, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| BYJU'S Learning, Tutoring & Courses | 12 May 2023 | $250M | $22.00B | not named |
| Learning, Tutoring & Courses | 15 May 2024 | $25M | not disclosed | Trinity Capital Inc. |
| Swift Current Energy Wind Energy Equipment & Services | 9 Aug 2023 | $779M | not disclosed | not named |
| Biotechnology | 1 Aug 2023 | $200M | not disclosed | not named |
| Tech Companies | 15 Aug 2023 | $156M | not disclosed | Spectrum Equity |
| Insider One Tech Companies | 31 Aug 2023 | $105M | not disclosed | not named |
| Security Guards & Patrol Services | 15 Aug 2023 | $100M | not disclosed | not named |
| Health Care Services | 1 Aug 2023 | $100M | not disclosed | WindRose Health Investors |
Sources
Where this comes from
Reported by 1 source. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did GoStudent raise in its Growth round?
GoStudent raised $95M in its Growth round, announced in Aug 2023.
Which investors took part in GoStudent's Growth round?
Deutsche Bank, Left Lane Capital, DN Capital, Tencent, Prosus and DST Global and 2 more.
What was GoStudent's valuation at the Growth round?
$3.30B post-money ($3.21B pre-money).