Sofatutor raises single-digit million from Acton Capital

Sofatutor team
Sofatutor team

Sofatutor teamBerlin-based learning platform Sofatutor has secured a “mid single-digit million” round of venture capital financing from Acton Capital Partners.

Sofatutor, so far only available in German, is an online tutoring platform, offering its 30,000 users over 7,700 videos with accompanying interactive tests – from primary school level through to the last year of high school. The company charges for access to its products, from €14.95 per month, at rates designed to be cheaper than hiring a personal tutor.

Now, taking Sofatutor international and launching it for mobile are “important steps for us”, co-founder and CEO Stephan Bayer said in a statement.

Bayer became inspired to create the company four years ago while preparing for a test at Humboldt University. Instead of book-learning, he made a short film about the course – and realised he’d hit on something with clear demand from fellow students.

Sofatutor now employs about 50 and is following up its early funding with the venture capital round announced today, led by Munich-based Acton and joined by JCMB Beteiligungs GmbH and the IBB’s investment fund for creative industries (both existing investors).

Education is still under-recognised as a key emerging market for internet companies, Acton’s Christoph Braun said in a statement.

It seems, though, that entrepreneurs in Europe are catching on fast. Other companies founded and based in Germany, apart from Sofatutor, include Scoyo, Lecturio and language learning platforms Papagei and LinguaTV.


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