GoStudent — the late-stage tutor marketplace that has raised $686.3 million so far — has now raised another $95 million in what it calls a strategic fundraise from Deutsche Bank and other investors, including Left Lane Capital, DN Capital, Tencent, Prosus, DST, Coatue and Softbank Vision Fund 2. The raise was described as a mix of equity and debt capital.
The company has been on something of 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 plain English, that means more online and offline educational support and an expansion of the use of its GoVR — GoStudent’s new …
