StudySmart collects an additional $ 16 in Series A rounds from Goodwater Capital

StudySmart, a Munich-based adtech company that digitizes each student’s entire learning process, has raised an additional $ 16 million (approximately .8.8.8 million) in its Series A round from Goodwater Capital.

The company plans to use its fresh capital to double its global expansion and accelerate its ambitions to become the best, and largest content-agnostic learning platform in the world.

Founded in 2018 by Christian Felgenhor, Maurice Khudhir, Till Soleman and Simon Hohentener, StudySmarter transforms any type of text or content into an interactive curriculum created through the use of natural language processing (NLP). It helps learners, professionals and content publishers create their own content, such as lecture notes, summaries, flashcards, exercises and more.

Since the platform’s launch, StudySmarter’s users have created and shared more than 50 million learning materials, an increase of 5 million per month. The startup has recently tripled its workforce, from 70 to 300 employees.

Speaking about the company, Morris Khudhir, co-founder of StudySmart, said,

“In just two years, StudySmart has proven that it has the power to enable access to digital learning for hundreds of millions of students around the world. There is a learning approach. It also shows that the questions experienced with learning and access are universal. “

StudySmart’s algorithm analyzes user patterns that create highly customizable courses, including automatically creating flashcards, creating a plan, prioritizing areas where there are learning gaps, scheduling calendars based on exam dates, sending reminders for study, and badges and achievements. Involves learning.

Eric Kim, co-founder and managing partner of Goodwater Capital, said:

“Studiesmarter needs a special kind of company with a special team to develop and expand as quickly and successfully. From the moment we first heard about Studysmarter we knew it was on the verge of changing education and global education like you know and now Christian, Simon, Till And we are thrilled to have Morris on this journey. “

StudySmart has gained 1 million new users in its first year. The number of these users has almost doubled in the last four months and has brought the platform globally to other regions including the US, UK, South Africa, Singapore, Indonesia, Canada, Ireland. The company is a digital content provider of several reputable publishers, including Pearson, and is used by global giants such as Amazon Mazon and BMW. StudySmarter plans to announce a new partnership in the coming months.

Earlier this year, StudySmart raised िका 15 million in a series led by Owl Ventures and Left Lane Capital, with Lars Felsoi-Nilsson (formerly WhatsApp, Uber and Dropbox) and existing investor Dieter von Holtzbrink Ventures (with venturers). .

About the author

Author: Shalini Pathak

Shalini Pathak is a Staff Writer at EdTechReview (ETR) – India’s leading edtech media and community. She has four years of experience in the media, covering various beats. Like all writers, she is first and foremost an avid reader with a passion for creating box outs and the ability to write on any topic. As part of the ETR team, it will include the latest in the Adtech industry.

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