StudySmarter has raised US$15 million in Series A funding to bring its award-winning educational app and learning platform globally. The round was led by the largest global edtech-focused VC fund, Owl Ventures, with the notable B2C focused, New York-based, co-investor Left Lane Capital. Other investors include Lars Fjelsoe-Nielsen (formerly WhatsApp, Uber and Dropbox) and existing investor Dieter von Holtzbrinck Ventures (DvH Ventures)
“More than one in three students drop out because of challenges they face in their learning process,” said 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.”
StudySmarter is a leading EdTech start-up from Munich and develops an intelligent and content-agnostic platform for lifelong-learning. The StudySmarter learning platform was first published in 2018 and is currently used by more than a million learners. The startup is headquartered in Munich and employs more than 60 people.