The company Soft Bank, Tencent, and other major investors betrayed that the online education company gostudent will start from Europe.
According to Arab Net after the Vienna-based Gostudent, 205 million euros (244 million dollars) at a huge funding tour estimated only $ 1,67 billion.
Thus gostudent, the first emerging educational technology company is estimated at least $ 1 billion. According to CB Insights, although the Norwegian competitor Kahoot achieved a $ 1 billion assessment last year, but is not carefully calculated as it was included over a public subscription in October 2019.
Goo Stewet was founded in 2016 by Austrian Businessman Felix Oswald, who inspired the practical math lessons from Jeddah before the school starts.
Oswald told CNBC, referring to Jeddah: he had this ability to teach you those things in a very viable way, according to the Arabianity.
He added: One of the biggest problems in education is the inability to reach wonderful teachers.
What is gostudent?
Gu Stewodent, an online educational technology company is linking students between the ages of 6 and 19, with special teachers. The company sells monthly privacy tutorials for parents, with part of the profits of teachers as a commission. Prices range from 17.50 euros to 26.90 euros - between $ 20 and $ 32 per month.
Oswald said his company now sells 400,000 per month, sales grew by 700% over the past 12 months. Gostudent aims to double the number of monthly sessions on its platform to 800,000 by the end of 2021.
Expansion plans
DST Global, investor in the famous trading application, Robin Hood Robinhood and DVD Revolut, recent funding round of gostudent. The Vision Fund of Softbank Group, Tencent, and Dragonier Group.
After collecting a total of 291 million euros so far, gostudent plans to expand outside Europe - where it has an existence in 15 countries - to other markets such as Mexico and Canada by summer.
The company also plans to increase staff and double its global workforce from 600 employees to 1000 by the end of the year. The company said part of funding may also be used in acquisitions.
