The company, which has made acquisitions like the traditional tutoring company Studienkreis, has around 23,000 tutors on its platform. The AI lesson plan generator is expected to save each tutor an average of 15 minutes per lesson. The company's CEO, Felix Ohswald, emphasized the impact of tailored learning on a child's confidence and the potential of AI and VR in creating a bespoke learning path for each child.
Key takeaways:
- GoStudent, an EdTech unicorn, has raised another $95 million in a strategic fundraise from Deutsche Bank and other investors, bringing its total raised to $686.3 million.
- The company plans to use the funds to expand its hybrid learning solutions in the DACH region and further develop its newly-launched virtual reality language learning platform, GoVR.
- GoStudent also plans to develop AI-driven tools, including an "AI lesson plan generator" that will save each tutor an average of 15 minutes per lesson.
- The company has been acquiring complimentary products, such as Germany-based traditional tutoring company Studienkreis, to enhance its offerings and reach.