Frankfurt - The COVID-19-crisis is driving digitalisation in Germany enormously, especially EdTech start-ups are experiencing a strong upswing. The Munich-based start-up StudySmarter has closed a further seed financing round successfully. In addition to existing investors, VC Dieter von Holtzbrinck Ventures participates as lead investor. Again, Luther Rechtsanwaltsgesellschaft provided comprehensive advice to the EdTech start-up on all aspects of the financing round.
The financing round represents an important milestone for the further growth of StudySmarter as a platform for life-long learning: The additional resources will be predominantly invested to accelerate the technical development of the StudySmarter platform in order to support users even more intelligently and individually in their learning process. In addition, StudySmarter will establish itself as the leading learning platform in the DACH region and thus significantly increase the number of users.
Most recently, Luther Rechtsanwaltsgesellschaft advised Study Smarter on a cooperation with STARK-Verlag, one of the German market leaders in the area of exam preparation. Together, StudySmarter and STARK-Verlag make digital learning content available to students free of charge, thus supplementing the home schooling offer for around 850,000 digital learners.
StudySmarter is a leading EdTech start-up from Munich. The spin-off of the TU Munich & LMU Munich develops an intelligent and content-agnostic platform for lifelong learning. The StudySmarter learning platform was published in 2018 and is currently used by more than 850,000 learners in the DACH region. StudySmarter has been named the best EdTech start-up in Germany and Europe by university representatives and education experts. The start-up is headquartered in Munich and employs more than 40 people. StudySmarter's vision is to use state-of-the-art technology to empower everyone to achieve their educational goals. Further information: www.studysmarter.de
Luther, Start-up / Venture Capital: Philipp Glock (Senior Associate), Prof. Dr Eberhard Kalbfleisch (Partner), Ema Buric (Associate)
Luther, IP/IT: Dr Wulff-Axel Schmidt (Partner), Diana Wilfer (Counsel), Dennis Gültig (Associate)