Funding round
GoStudent Series B
GoStudent, which works in personalized online tutoring services in Vienna, raised $82M in a Series B round announced on 30 Mar 2021, led by Coatue. 3 firms took part, 2 of them already investors. It is GoStudent's second venture round on record; the one before was a Series A in Nov 2020.
$82M
Amount raised
70,000,000 EUR converted
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
GoStudent did not disclose a valuation in this round. It came 4 months after GoStudent's Series A. It is 11% of the $767M GoStudent has raised in the venture rounds on record. GoStudent raised again 3 months later: a Series C round of $244M in Jun 2021, at $1.67B post-money.
GoStudent's funding rounds
GoStudent has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Coatue led the round with 2 other firms. Left Lane Capital and DN Capital had backed GoStudent before.
Lead investor
- Coatue backs 229 venture-backed companies new investor
Also in the round
- backs 77 venture-backed companies existing investor
- backs 55 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
9 Series B rounds in Learning, Tutoring & Courses within a year either side disclosed an amount; the median was $26M, and this round was 3.2 times the median. The closest in time, other companies' Series B rounds in Learning, Tutoring & Courses:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Learning, Tutoring & Courses | 25 Feb 2021 | $31M | not disclosed | SIG and Lupa Systems |
| Learning, Tutoring & Courses | 22 Apr 2021 | $30M | not disclosed | GV |
| Atama Plus Learning, Tutoring & Courses | 1 Jul 2021 | $5.10B | not disclosed | not named |
| Learning, Tutoring & Courses | 7 Oct 2020 | $10M | not disclosed | Ravensburger |
| Learning, Tutoring & Courses | 18 Sep 2020 | $45M | not disclosed | Lightspeed Venture Partners |
| Learning, Tutoring & Courses | 1 Sep 2021 | $26M | not disclosed | Goodwater Capital |
| Learning, Tutoring & Courses | 16 Jun 2020 | $25M | not disclosed | Sozo Ventures |
| Learning, Tutoring & Courses | 9 Dec 2021 | $15M | not disclosed | Nielsen Ventures and Tencent |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did GoStudent raise in its Series B round?
GoStudent raised $82M in its Series B round, announced in Mar 2021.
Who led GoStudent's Series B round?
Coatue led it, with Left Lane Capital and DN Capital.
What was GoStudent's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Learning, Tutoring & Courses?
9 Series B rounds in Learning, Tutoring & Courses within a year either side disclosed an amount; the median was $26M, and this round was 3.2 times the median.
Did GoStudent raise again after this round?
Yes: a Series C round in Jun 2021 of $244M at $1.67B post-money.