Seneca Learning and Spanish Tus Media Group founders join GoStudent
#EdTech unicorn GoStudent acquires UK-based Seneca Learning and Spanish Tus Media Group
As part of its ongoing mission to become the number 1 global school and a leading education provider, GoStudent has announced the acquisition of two established European education companies.
The EdTech unicorn will extend its product offering through the integration of algorithmic learning content via the acquisition of Seneca Learning, and will increase its access to the addressable market by acquiring Tus Media, which provides an open tutoring marketplace.
Both acquired companies will continue operating independently under their current leadership teams and with their established brand names.
This announcement comes just one month after GoStudent raised €300M in Series D funding and follows GoStudent’s 2021 acquisition of Fox Education, an Austrian all-in-one school communication solution.
Seneca Learning acquisition: enriching GoStudent’s portfolio through the addition of adaptive & AI-based learning content
With approximately seven million students using Seneca Learning, it is the fastest-growing freemium homework and revision platform in the UK. The EdTech company uses algorithms to help students remember topics more easily. Children can choose from more than 1,000 KS2, KS3, GCSE & A-Level courses, developed based on exam board specifications. With the acquisition, GoStudent aims to integrate Seneca Learning’s algorithms and AI-based features into the GoStudent membership, enriching the experience of its students. Not only can Seneca Learning be used during tutoring sessions, it will also provide students with smart learning content that will help them to memorise subject material at their own pace outside of lessons as well.
“The United Kingdom is one of GoStudent’s core regions, and we aim to become the market leader. We have listened to the needs of our customers, and adding a content platform to our core offering is an important strategic step for us, allowing us to further enrich our learning offerings and diversify our portfolio”, says Felix Ohswald, CEO and Co-Founder of GoStudent.
In addition, GoStudent plans to bring Seneca Learning’s services to markets outside of the UK, where GoStudent already has a presence.
“Working with Felix and the GoStudent team will allow us to bring Seneca’s free content and personalised learning experience to millions more students in different countries across the world. The team is excited to build on our success in the UK and take our product international to give more children access to an amazing free education”, says Stephen Wilks, Co-Founder and CEO of Seneca Learning.
Tus Media acquisition: increasing the addressable market
Founded in 2011, Tus Media offers an open marketplace for tutors serving four million students. The company brings together teachers, students and academies to arrange online or offline tutoring sessions, based on the user’s preferences. The company’s first service, Tusclasesparticulares, is now a leading marketplace for connecting students with teachers in Spain, and has grown quickly in several European and LATAM countries. Tus Media’s second venture, Classgap, provides a virtual classroom delivering individualised teaching experiences remotely. With the acquisition, GoStudent aims to leverage the strategic fit between the two platforms. Expanding its offering will allow GoStudent to grow its addressable market and reach more families globally. Additionally, students seeking structured, sustainable, long-term tutoring support will be able to access managed tutoring services from GoStudent via Tus Media’s platforms.
“Albert Clemente is one of the most passionate and dedicated education entrepreneurs we have ever met. Working with him as a partner and learning from each other will allow us to get one step closer to becoming the number 1 global school.”, says Gregor Müller, COO and Co-Founder of GoStudent.
“The acquisition by GoStudent gives us the thrust to further scale Tus Media with all its brands to new markets and expand to even bigger regional geographies. I am excited to continue in my role as CEO to ensure Tus Media’s success and grow the team further!”, says Albert Clemente, Founder and CEO of Tus Media Group.
GoStudent’s founders aim to assess further acquisition opportunities this year, in order to build a holistic learning ecosystem that will take education to the next level worldwide.
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