19
Thu, May
62 New Articles

Herbst Kinsky, Schoenherr, and Wolf Theiss Advise on GoStudent's EUR 300 Million Financing

Herbst Kinsky, Schoenherr, and Wolf Theiss Advise on GoStudent's EUR 300 Million Financing

Austria
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Herbst Kinsky has advised GoStudent on its EUR 300 million Series D. On the investors' side, Wolf Theiss advised Prosus, Schoenherr and Frankfurt's office of Goodwin Procter advised Left Lane Capital, and reportedly Baker McKenzie advised Tencent.

According to Herbst Kinsky, “the lead investor in this round was Prosus, an investment company listed on the Amsterdam Stock Exchange, which holds participations in Tencent, Delivery Hero, and Mail.Ru Group, among others. In addition to Prosus, existing investors Softbank, Dragoneer, Left Lane Capital, Coatue, and Tencent have also participated in the round; Deutsche Telekom is newly on board.”

GoStudent is a start-up founded in 2016 that operates a learning platform for online tutoring. Tutoring is delivered live in a virtual classroom and booked in a subscription package. Go Student is currently present in around 20 countries with a team of over 1,000 employees and 15,000 tutors.

According to Herbst Kinsky, “this is the largest investment in Austrian start-up history to date. The valuation of the company underlying the round is around EUR 3 billion.”

Herbst Kinsky also advised GoStudent on three past financing rounds: their Series A financing round, two years ago (as reported by CEE Legal Matters on July 2, 2020), and last year on their Series B (as reported on April 7, 2021), and Series C (as reported on July 01, 2021).

Herbst Kinsky’s team was included Partner Florian Steinhart and Attorney Felix Kernbichler.

Wolf Theiss' team included Partner Hartwig Kienast, Senior Associates Isabel Firneis and Paulina Pomorski, and Associates Dorothea Rauchegger, Rahim Rastegar, and Clemens Pretscher.

Schoenherr's team included Partner Thomas Kulnigg and Associate Dominik Tyrybon.

Our Latest Issue