Funding round
GoStudent Series D
GoStudent, which works in personalized online tutoring services in Vienna, raised $340M in a Series D round announced on 11 Jan 2022, led by Prosus, at a $3.40B post-money valuation. 7 firms took part, 6 of them already investors. It is GoStudent's fourth venture round on record; the one before was a Series C in Jun 2021.
$340M
Amount raised
300,000,000 EUR converted
$3.40B
Post-money valuation
7
Investors
1 lead
2.0x
Step-up from the Series C
$1.67B in Jun 2021
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced GoStudent at $3.40B after the new money, 2.0 times the $1.67B of its Series C (Jun 2021). The $340M bought investors about 10% of the company. It came 7 months after GoStudent's Series C. It is 44% of the $767M GoStudent has raised in the venture rounds on record. GoStudent raised again 19 months later: a Growth round of $95M in Aug 2023, at $3.30B post-money.
GoStudent's funding rounds
GoStudent has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Prosus led the round with 6 other firms. T. Capital, SoftBank Vision Fund, Tencent and Dragoneer Investment Group and 2 more had backed GoStudent before.
Lead investor
- Prosus backs 44 venture-backed companies new investor
Also in the round
- backs 25 venture-backed companies existing investor
- SoftBank Vision Fund backs 234 venture-backed companies existing investor
- Tencent existing investor
- Dragoneer Investment Group backs 82 venture-backed companies existing investor
- backs 77 venture-backed companies existing investor
- Coatue backs 229 venture-backed companies existing 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, acquisitions and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Learning, Tutoring & Courses, then Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Learning, Tutoring & Courses | 15 Feb 2022 | $270M | not disclosed | Sapphire Ventures and SoftBank Vision Fund |
| Learning, Tutoring & Courses | 14 Oct 2021 | $110M | $3.00B | Tiger Global Management |
| Citadel Securities Financial Services | 11 Jan 2022 | $1.15B | $22.00B | Sequoia Capital |
| Checkout.com Payment Processing & Point of Sale | 12 Jan 2022 | $1.00B | $40.00B | not named |
| Qonto Payment Processing & Point of Sale | 10 Jan 2022 | $550M | $5.00B | Tiger Global and Technology Crossover Ventures |
| Exotec Industrial Machinery & Supplies | 17 Jan 2022 | $335M | $2.00B | Goldman Sachs Asset Management |
| Shipping Couriers | 27 Jan 2022 | $225M | not disclosed | SoftBank Vision Fund |
| Tech Companies | 25 Jan 2022 | $150M | $1.40B | Coatue and Alkeon |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did GoStudent raise in its Series D round?
GoStudent raised $340M in its Series D round, announced in Jan 2022.
Who led GoStudent's Series D round?
Prosus led it, with T. Capital, SoftBank Vision Fund, Tencent, Dragoneer Investment Group and Left Lane Capital and 1 more.
What was GoStudent's valuation at the Series D round?
$3.40B post-money.
Did GoStudent raise again after this round?
Yes: a Growth round in Aug 2023 of $95M at $3.30B post-money.