GoStudent, the Vienna-based edtech unicorn, has acquired UK-based Seneca Learning and Spain’s Tus Media Group. The acquisitions will help GoStudent achieve its goal of becoming the leading global school and a leading education provider by expanding its reach into markets previously not addressed by the Austrian unicorn.
The acquisitions come just weeks after the startup raised €300M in a Series D funding led by Prosus. GoStudent has raised a total of €590M. It is roughly valued at €3B and is one of the success stories among European edtech startups able to ride the digitisation of education during the pandemic.
GoStudent’s acquisition strategy is about strengthening its platform
The acquisition of Seneca Learning and Tus Media Group follows the acquisition of Fox Education, an Austrian all-in-one school communication solution, in 2021. The acquisition follows the strategy of gobbling up companies that have similar vision and can be integrated with GoStudent’s existing solution.
The edtech unicorn plans to leverage Seneca Learning’s expertise to integrate algorithmic learning content on its platform. Tus Media, which provides an open tutoring marketplace, will help GoStudent expand its access to the addressable market. GoStudent says both the acquired companies will continue to operate independently under their current leadership teams and continue to use their brand names.