Herbst Kinsky has advised learning platform GoStudent on its EUR 205 million Series C financing round with DST Global, Softbank, Dragoneer, Tencent, Left Lane Capital, DN Capital, and Coatue participating, among others.
Founded in 2016, GoStudent is a start-up that has developed a learning platform for the delivery of online tutoring. The tutoring is held live in a virtual classroom and booked in a subscription package. In recent months GoStudent has expanded its team to more than 500 employees and twelve offices and launched new locations in Madrid, Athens, Istanbul, and Amsterdam.
According to Herbst Kinsky, “the valuation of the company underlying the round exceeds EUR 1.4 billion. GoStudent has thus successfully completed Series A, B, and C rounds in just over a year. The speed of the financing rounds and the rapid development of the valuation towards becoming a unicorn (i.e. a company with a valuation of over EUR 1 billion) is so far unique in Austrian start-up history.”
Herbst Kinsky has already advised GoStudent on their Series A, last year (as reported by CEE Legal Matters on July 2, 2020), and Series B earlier this year (as reported by CEE Legal Matters on April 7, 2021).
Herbst Kinsky’s team was led by Partner Florian Steinhart and included Attorney Felix Kernbichler and Associates Magdalena Wagner, Beatrice Blumel, and Christoph Ludvik.
Herbst Kinsky did not reply to our inquiry on the matter.