Four months after closing a $15 million Series A in May, Munich-based educational platform StudySmarter has raised a $16 million extension from Goodwater Capital.

Since the close of the initial Series A, StudySmarter’s headcount has grown from 70 to more than 300 employees.

Maurice Khudhir, co-founder of StudySmarter, said: “In just two years, StudySmarter has proven it has the power to enable access to digital education for hundreds of millions of learners across the globe. The way the platform has been embraced and used by our community is a testament to just how important and necessary our content-agnostic, lifelong learning approach is. It also shows that the issues experienced with learning and access are universal.”

Eric Kim from Goodwater Capital commented: “It takes a special kind of company, with a special kind of team, to develop and expand as quickly, and as successfully, as StudySmarter has. We knew from the moment we first heard about StudySmarter that it was on course to change education and global learning as we know it.”

Date published: 15 October 2021

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