GoStudent Raises $95 Million to Expand VR Tutoring

GoStudent, the late-stage tutor marketplace that has raised $686.3 million, has now secured another $95 million in a strategic fundraise from Deutsche Bank and other investors, including Left Lane Capital, DN Capital, Tencent, Prosus, DST, Coatue and Softbank Vision Fund 2. This raise was a mix of equity and debt capital.

GoStudent’s Acquisition Roll

GoStudent has been on an acquisition roll, using its war chest to roll-up complementary products, such as its acquisition last year of Germany-based Studienkreis, a traditional tutoring company. The edtech unicorn, which has attained an estimated €3 billion valuation, says the raise will be used to bring “enhanced hybrid learning solutions to the DACH region.” In other words, this means more online and offline educational support and an expansion of the use of its GoVR—GoStudent’s newly launched virtual reality language learning platform.

GoStudent now says it has an “AI vision” and plans to “prioritise the creation of AI-driven tools.” It has around 23,000 tutors on its platform and will develop an “AI lesson plan generator” trained on the local curriculum. This generator is expected to save each tutor an average of 15 minutes per lesson.

GoStudent’s Vision

GoStudent CEO and co-founder Felix Ohswald said in a statement: “We see daily the impact that tailored learning can have on a child’s confidence. By offering AI-driven study support or virtual reality lessons in group environments, alongside traditional tutoring, a truly bespoke learning path can be created for each individual child – readying them for their future.”

Harley Miller, CEO and managing partner at Left Lane Capital, added: “As GoStudent doubles down on its existing VR capabilities, introduces smart AI tools, and drives synergies with Studienkreis, we see even further potential to complete its vision of hybrid offline and online tutoring.”

The new $95 million raise will help GoStudent expand its VR tutoring capabilities and create AI-driven tools, allowing for a more tailored learning experience. With this new technology, GoStudent is positioning itself to become a leader in the edtech space.