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:

https://techcrunch.com/2021/05/09/studocu-raises-50m-as-its-note-sharing-network-for-college-students-passes-15m-users/



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

Automotive Collision Repair Service market to grow substantially through 2026

Author: Partha Ray

Market Study Report has launched a report on Automotive Collision Repair Service Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides...


Mobile Point-of-Sale (mPOS) market to showcase an annual healthy growth rate over 2021-2026

Author: Partha Ray

Market Study Report has announced the launch of Mobile Point-of-Sale (mPOS) market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusi...


IoT in Intelligent Transportation System market size to record a substantially CAGR over 2021-2026

Author: Partha Ray

Market Study Report provides a detailed overview of IoT in Intelligent Transportation System market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of IoT in Intelligent Transportation ...