Silicon Canals
No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Exclusive content
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Free Personio whitepaper
    • Guest Contributions
    • Newsletter
    • Partner content
  • Global Jobs
  • Tech Events
  • Partner with us
  • Contact
    • Contact us
    • About us
    • Team
    • Contribute your content
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Exclusive content
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Free Personio whitepaper
    • Guest Contributions
    • Newsletter
    • Partner content
  • Global Jobs
  • Tech Events
  • Partner with us
  • Contact
    • Contact us
    • About us
    • Team
    • Contribute your content
No Result
View All Result
Silicon Canals
No Result
View All Result

Germany’s StudySmarter raises €12.5M to become the world’s central hub for learning; here’s how

Editorial team by Editorial team
May 5, 2021
in (Crowd)funding, Edtech, News, Software & SaaS, Startups
StudySmarter

Image credits: StudySmarter

62
SHARES
LinkedInTwitterWhatsAppFacebook

The COVID-19 pandemic has created a systemic shift in the education landscape, opening the door for edtech startups globally to impact the future of learning. As a result, the demand grew significantly, e-learning became the new normal, and the investors understood the sector’s potential. 

According to a report, Europe edrech and smart classroom Market are expected to reach $61,250M (approx €50,995M) by 2027 from $20,571M (approx €17,126M) in 2019. The market is estimated to grow at a CAGR of 14.6 per cent from 2020 to 2027.

- Partner content -
How to improve your open source security?
How to improve your open source security?
Follow these three steps and get on the path to stronger security practices.Show More
Follow these three steps and get on the path to stronger security practices.Show Less
Read more

Various edtech startups are taking advantage of the upward trend, and the Munich-based StudySmarter is one of them. This content-agnostic platform digitises the entire learning process of every learner – be it pupils, students, or employees.

Raised €12.5M

Recently, the German startup secured $15M (approx €12.5M) funding in a Series A round led by global edtech-focused VC fund, Owl Ventures, with the notable B2C focused, New York-based, co-investor Left Lane Capital. 

Other investors, including Lars Fjelsoe-Nielsen (formerly WhatsApp, Uber, and Dropbox) and existing investor Dieter von Holtzbrinck Ventures (DvH Ventures), also participated. 

The funding will be used to accelerate the company’s mission of becoming the global platform for lifelong learning. 

Uses Natural Language Processing

Founded by Christian Felgenhauer, Maurice Khudhir, Till Söhlemann, and Simon Hohentanner in 2018, StudySmarter turns any kind of text or content into an interactive course generated in part through the use of natural language processing (NLP).

The spin-off of the TU Munich & LMU Munich helps learners, professionals, and content publishers, create their content, such as lecture notes, summaries, flashcards, exercises, and much more. 

Tailors recommendations

The company’s algorithm analyses the user’s pattern to build highly tailored courses. It includes automatically generating flashcards, creating a plan, prioritising areas where there are learning gaps; scheduling calendars based on exam dates; sending reminders to study, and rewarding learning with badges and achievements. To date, users can access more than 25 million pieces of content. 

How was StudySmarter born?

Every third student breaks off their studies in Germany, claims the company. The founders came up with the idea to create an education platform that supports students in exam preparation, thus reducing the drop-out rate and helping individual users to achieve their individual learning goals.

“More than one in three students drop out because of challenges they face in their learning process,” says Maurice Khudhir, Co-Founder of StudySmarter. “That’s why we founded StudySmarter as an intelligent platform that supports learners individually throughout their entire learning journey. Our platform has the power to enable access to digital education and ensure successful outcomes for hundreds of millions of learners across the globe. With Owl and Left Lane, we have found the perfect partners who share our vision to become the world’s central hub for learning.”

1M new users

The German startup has gained more than 1 million new users, becoming the fastest growing learning platform for pupils and students in the Germany, Austria, and Switzerland (DACH) region in one year. 

Notably, StudySmarter is the digital content provider of many renowned publishers such as Pearson and is used by global giants, such as Amazon and BMW, to reach potential employees and graduates via non-intrusive adverts. 

Awards and initiatives

Earlier this year, StudySmarter was named “Official Best Educational App Gold Award Winner” by Wharton-QS Reimagine Education Awards 2020, also known as the Oscars of Education. 

The company also launched the #SmartMINT initiative earlier this year to promote a career in the STEM fields among female students. “34%. The percentage of women in STEM courses (science, technology, engineering, and mathematics) in Germany is alarmingly low. Therefore, it is StudySmarter´s goal to counteract this inequality,” says the company in its official blog.

 - Partner content -
Personio
Half your staff are planning to quit soon!
Here’s how you can make them stay. Check it out!Show More
Here’s how you can make them stay. Check it out! Show Less
Read more
Tags: edtechfeaturedfundingGerman startups
Share4Tweet16SendShare25

Featured | Tech Events

Current Month

february

09feb13:0014:00Key Employee Visa Programme for Dutch StartupsAre you a Dutch startup that is interested in attracting international talent or relocating your team to the Netherlands?

Silicon Canals | Jobs


Free HR whitepaper | by Personio

Want to know how HRs across Europe are rethinking retention and performance management post pandemic? Get this FREE whitepaper by PERSONIO now!

Partner content | Work with us

Putting the Capital in HCM: A look at how HR is defining strategic business decisions in a digital-first world

From retail to hospitality: how Omniboost evolved its product to solve a major data challenge with tech

How SurePay invented IBAN-Name Check to make payments easier, personal and secure

Breaking news from Amsterdam | Partner

Innovation Fund Noord-Holland launches new €10M fund to back innovative companies in the province

After recently getting backed by Kleiner Perkins, Amsterdam’s Vylo launches new app to “reshape news”

Amsterdam’s app-only supermarket Crisp acquires local mealbox supplier De Krat

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy Policy
  • Cookie Policy (UK)
  • Cookie Policy (EU)
  • Terms & Conditions Silicon Canals

Silicon Canals © 2014-2023 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Exclusive content
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Free Personio whitepaper
    • Guest Contributions
    • Newsletter
    • Partner content
  • Global Jobs
  • Tech Events
  • Partner with us
  • Contact
    • Contact us
    • About us
    • Team
    • Contribute your content

Silicon Canals © 2014-2023 | Website: Bright Idiots

Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
X
X