StuDocu raises $50 million in Series B funding round led by Partech

Date: 2021-05-11   Author: Pankaj Singh  Category: #news

StuDocu raises $50 million in Series B funding round led by Partech

StuDocu, an Amsterdam-based startup, has reportedly bagged $50 million in a Series B funding round led by the French venture capital, Partech. The recent funding round happened along the heels of the company’s immense growth, which has built a profitable business to help source and share the class notes created by excellent students.

Over the past months, the startup has been gaining critical mass and has presently reached 15 million users across 2,000 universities located in 60 countries. Reportedly, it had previously raised over $10 million in funding from investors such as Point Nine Capital, Peak Capital, and Piton Capital.

In the wake of the COVID-19 pandemic, there has been a strong focus on the edtech space due to the rapid imposition of lockdown and stay-at-home directives. In line with this, educational institutions are implementing online learning at all school levels and emphasizing improved streaming experiences and better approaches for teaching.

The biggest competitor of StuDocu in the U.S. is Course Hero, with a total valuation of over $1.1 billion. According to Marnix Broer, CEO of StuDocu, the company has been serving as the leading player and supports above 30 local languages across its catalog of notes and courses. It has been catering to a wide range of students with its study documents and considers itself a hyperlocal marketplace.

The latest funding round will help the startup extend its hyperlocal concept to more regions as well as tap into opportunities to considerably enhance the learning space. The company is also expected to collaborate closely with universities to develop course materials, despite the prime focus on serving the needs of the students.

Partech’s general partner, Bruno Crémel, has reportedly commented that the company appreciates StuDocu for assisting students across the globe and making education highly accessible to the public. It is thrilled to partner with Marnix and his team to accelerate the global expansion of StuDocu and build innovative ways to aid students in meeting their learning goals.

Source credit:

About Author

Pankaj Singh linkdin-boxtwitter

Pankaj Singh

Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

Read More

Post Recommendents

Commercial Seaweed Market Growing at Steady CAGR to 2027

Author: Rahul Varpe

DEC Research declares the publication of its latest research report, with the title ‘Global Commercial Seaweed Market’. This report sheds light on the analysis of the industry challenges, growth opportunities, industry threats, as well...

Paytm Money unveils Pops messenger to offer user-specific insights

Author: Pankaj Singh

Paytm Money Limited, a fully-owned subsidiary of One97 Communications Ltd, has reportedly launched AI-based Pops messenger to offer user-specific insights on stocks, portfolios, and market analysis.

Flexible Dies Market 2022, Global Industry Size, Share, Analysis, Trends, Overview and Segmentation 2028

Author: Ashwin Naphade

The Global Flexible Dies Market Report includes a comprehensive analysis of the present industry status offering basic Flexible Dies overview and then goes into each and every detail.


Request a sample Report of Flexib...