Funding round
GoStudent Series C
GoStudent, which works in personalized online tutoring services in Vienna, raised $244M in a Series C round announced on 22 Jun 2021, led by DST Global, at a $1.67B post-money valuation. 7 firms took part, 3 of them already investors. It is GoStudent's third venture round on record; the one before was a Series B in Mar 2021.
$244M
Amount raised
205,000,000 EUR converted
$1.67B
Post-money valuation
$1.43B pre-money
7
Investors
1 lead
15%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced GoStudent at $1.67B after the new money. The $244M bought investors about 15% of the company. It came 3 months after GoStudent's Series B. It is 32% of the $767M GoStudent has raised in the venture rounds on record. GoStudent raised again 7 months later: a Series D round of $340M in Jan 2022, at $3.40B post-money.
GoStudent's funding rounds
GoStudent has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
DST Global led the round with 6 other firms. Coatue, Left Lane Capital and DN Capital had backed GoStudent before.
Lead investor
- DST Global backs 179 venture-backed companies new investor
Also in the round
- SoftBank Vision Fund backs 234 venture-backed companies new investor
- Tencent new investor
- Dragoneer Investment Group backs 82 venture-backed companies new investor
- Coatue backs 229 venture-backed companies existing investor
- 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, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
6 Series C rounds in Learning, Tutoring & Courses within a year either side disclosed an amount; the median was $48M, and this round was 5.1 times the median. The closest in time, other companies' Series C rounds in Learning, Tutoring & Courses:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Learning, Tutoring & Courses | 30 Jun 2021 | $100M | not disclosed | Institutional Venture Partners |
| Learning, Tutoring & Courses | 15 Jun 2021 | $40M | not disclosed | Undisclosed Investor |
| Learning, Tutoring & Courses | 19 Apr 2021 | $55M | not disclosed | Tiger Global |
| Learning, Tutoring & Courses | 14 Dec 2021 | $380M | $3.60B | Wellington Management |
| Learning, Tutoring & Courses | 7 Dec 2020 | $40M | $171M | Lightstone Ventures and Alpha Wave Global |
| Learning, Tutoring & Courses | 16 Jun 2022 | $40M | not disclosed | General Catalyst |
Sources
Where this comes from
Reported by 3 sources. 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 Series C round?
GoStudent raised $244M in its Series C round, announced in Jun 2021.
Who led GoStudent's Series C round?
DST Global led it, with SoftBank Vision Fund, Tencent, Dragoneer Investment Group, Coatue and Left Lane Capital and 1 more.
What was GoStudent's valuation at the Series C round?
$1.67B post-money ($1.43B pre-money).
How does it compare with other Series C rounds in Learning, Tutoring & Courses?
6 Series C rounds in Learning, Tutoring & Courses within a year either side disclosed an amount; the median was $48M, and this round was 5.1 times the median.
Did GoStudent raise again after this round?
Yes: a Series D round in Jan 2022 of $340M at $3.40B post-money.