EdTech scale-up StuDocu raises $50 million to accelerate global roll-out
Partech invests in Series B round
StuDocu, an Amsterdam-based EdTech scale-up that offers students a platform to exchange knowledge, raised $50 million Series B funding from Partech. On their mission to serve all 200 million college and university students globally, the company will invest this capital in further boosting its exponential global growth and expanding the team significantly. StuDocu today reaches 15 million students from 2,000 universities across 60 countries.
StuDocu’s online content library was started from the founders’ dorm rooms. As students themselves they figured that collecting all useful study resources from their study friends could be done way more efficiently. The idea of StuDocu was born: an online platform where students can share their study materials - lecture notes, summaries and practice materials - to exchange knowledge with fellow students. Previous funding rounds raised in 2015, 2018, and 2019 kick-started its expansion to markets like Australia, Canada, Germany, the UK and the United States which helped the platform become the international leader in the document sharing space.
Marnix Broer, CEO and co-founder of StuDocu, is proud to partner with Partech: “We are now in an even stronger position to accelerate our global roll-out and it allows us to take the next step in our mission to help students world-wide make the most of their studies. Our team’s passion together with our successful business model brought us to the very healthy state we’re at now. This investment is proof that we’re on the right track and will ramp up our steep growth trajectory. With Partech’s scale-up experience on-board StuDocu is set up well for reaching even more students with even better products in the years to come.”
“StuDocu is a platform already helping millions of students around the world, and we’re excited to partner with this talented team in their mission to make education more accessible to all.” comments Bruno Crémel, General Partner at Partech. “When we met the team at StuDocu, we were wildly impressed with their data-driven culture and by how much students really love using their services. We look forward to working closely with Marnix and his team as they accelerate StuDocu’s global expansion and develop even more innovative ways to support students in meeting their learning goals.”
StuDocu’s mission is to empower everyone to excel in their studies by providing the best tools to students who want to study more efficiently. The EdTech platform was founded in 2013 by four students to exchange study documents with each other and together strive for better grades. Since then, millions of study documents have been shared by students and are accessible to everyone in the world. Currently, almost 15 million students around the globe are using StuDocu to access high-quality materials every month
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Born in San Francisco and Paris, Partech is one of the most active VCs in the world, bringing together capital, operational experience and strategic support for entrepreneurs at seed, venture and growth stages. In 2020, Partech invested in 82 startups across 24 countries in Europe, America, Africa and Asia.
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