Herbst Kinsky has advised GoStudent on the acquisition of FoxEducation Services GmbH.
Financial details were not disclosed.
According to Herbst Kinsky, “FoxEducation Services operates the SchoolFox app, which enables teachers to communicate quickly and easily with parents and students. With this acquisition, GoStudent is expanding its range of services to include a communication platform and is thus also driving forward its own scaling.”
GoStudent, founded in 2016, is an Austrian education technology company that delivers online tutoring through its learning platform. It is active in 21 countries and has more than 500 employees. The company's valuation for its latest financing round exceeded EUR 1.4 billion. Herbst Kinsky also advised GoStudent on three financing rounds: their Series A financing round, last year (as reported by CEE Legal Matters on July 2, 2020), their Series B, in April (as reported on April 7, 2021), and their Series C round, in June (as reported on July 01, 2021).
“The acquisition of an Austrian startup by another Austrian startup is of course a great success story. We are delighted to have been part of this all-Austrian exit,” commented Herbst Kinsky Partner Florian Steinhart.
Herbst Kinsky’s team was led by Steinhart and Lawyer Felix Kernbichler and included Associates Carmen Walser, Beatrice Blumel, and Christoph Ludvik.
Herbst Kinsky did not reply to our inquiry on the matter.