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- German edtech startup StudySmarter just raised $15 million in a Series A funding round.
- The firm was backed by VC firms like Owl Ventures and Left Lane Capital.
- Insider got an exclusive look at the pitch deck StudySmarter used to bring investors on board.
- See more stories on Insider’s business page.
German edtech startup StudySmarter recently raised $15 million in a funding round that counted Owl Ventures and Left Lane Capital among the backers.
The online learning platform, which helps students develop study plans, create flashcards, and access publishers’ content, has thrived in Germany, Australia, and Switzerland. Since it was founded in 2017, the company has accrued more than a million users and locked in a deal to produce educational content for publishing giant Pearson.
Owl Ventures is best known for backing edtech startups like upskilling firm Degreed, and learning app Byju. Left Lane has already landed a wealth of investments in high-profile firms, including meal kit supplier Hello Fresh and travel site Trivago. StudySmarter also won angel investment from Lars Fjeldsoe-Nielsen, a former Uber VP and ex-partner at Balderton Capital.
“StudySmarter is further democratizing access to educational materials with a seamless user experience and rapidly expanding content catalogue,” said Vinny Pujji, Managing Partner at Left Lane Capital .
He added: “We are impressed with the dedication and grit of the founding team and are thrilled to partner with them to build a global edtech player. Working with European founders to build global powerhouses has been a core pillar of our strategy that we look forward to continuing.”
Insider got an exclusive look at the pitch deck Studysmarter used to bring investors on board. Check it out below:
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