StudySmarter closes seven digit Seed Funding Round
StudySmarter is a Munich based EdTech startup developing an intelligent content-agnostic platform for life-long learning. The startup has achieved rapid user growth and established exclusive content partnerships over the last two years, e.g. with the publisher Pearson. Currently more than 850,000 users are learning on the platform of the Munich-based company, which was named best EdTech startup in Germany and Europe. The financing round will help StudySmarter to establish itself as the leading learning platform in the DACH region and to significantly increase user growth. The additional resources will be predominantly invested to accelerate the technical development of the StudySmarter platform to support users more intelligently and individually in their learning process. In addition, StudySmarter will address new target groups and expand into international markets. The financing round represents an important milestone for the continued growth of StudySmarter as the platform for lifelong learning.
“We are very pleased to have found DvH Ventures as an investor that supports our vision long-term and who is committed to jointly shape the future of digital education“, said the founders of StudySmarter, Christian Felgenhauer, Maurice Khudhir, Simon Hohentanner and Till Söhlemann.
“With its concept as a content-agnostic technology platform, StudySmarter has the best starting point for dynamic international growth independent of the target group“, said Peter Richarz, Managing Partner of DvH Ventures.
StudySmarter is a leading EdTech start-up from Munich. The spin-off of the TU Munich & LMU Munich develops an intelligent and content-agnostic platform for lifelong learning. The StudySmarter learning platform was first published in 2018 and is currently used by more than 850,000 learners in the DACH region. StudySmarter has been named the best EdTech start-up in Germany and Europe by university representatives and education experts. The startup is headquartered in Munich and employs more than 50 people. StudySmarter’s vision is to use state-of-the-art technology to empower everyone to achieve their educational goals. Further information: www.studysmarter.de
About Dieter von Holtzbrinck Ventures
Dieter von Holtzbrinck Ventures (DvH Ventures) is a venture capital investor focusing on European technology companies in the digital sector. DvH Ventures invests in early-stage start-up companies and offers its portfolio companies financial resources, strategic support and management know-how as well as access to an international network in the field of venture capital.