StudySmarter’s $16 Million Series A Investment Extension

Luther advised StudySmarter. Greenberg Traurig advised Owl Ventures. Goodwin Procter LLP advised Left Lane Capital. Orrick, Herrington & Sutcliffe advised Goodwater Capital.

Munich-based StudySmarter has raised an additional $16M (approx €13.78M) in its Series A round.

With Goodwater Capital, the ed-tech start-up wins a leading venture capital fund for consumer tech via a Series A expansion. The aim is to accelerate international growth with the USD 16 million investment extension.

The award-winning education platform StudySmarter, which is one of the most downloaded and used education apps in more than 20 regions worldwide, has seen record growth over the summer. To build on this growth, StudySmarter has also added custom content creation to the platform. Using the unprecedented amount of exam and curriculum data, on which StudySmarter has globally access, the company has worked with more than 100 teachers and educators to create high-quality content.

StudySmarter has a commercial partnership with Pearson, as well as contracts with global giants such as Amazon and BMW, who are using StudySmarter to reach potential employees and graduates via non-intrusive advertising.

StudySmarter is a leading EdTech start-up based in Munich. The spin-off of TU Munich & LMU Munich develops an intelligent and content-independent platform for lifelong learning. StudySmarter was voted the best EdTech start-up in Germany and Europe by university representatives and education experts.

The Luther team included Philipp Glock (Picture – Partner & Lead), Dr Björn Simon (Partner), Michael Ströbel, LL.M. (Senior Associate), Sven Stumm (Senior Associate), Ema Buric (Senior Assoicate), Achim Braner (Partner), Nadine Ceruti (Counsel), Dr Wulff-Axel Schmidt (Partner), Dr Stefanie Hellmich, LL.M. (Partner), Pierre Daniel Wittmann (Associate), Laura Hoffmann, LL.M. (Associate).

The Greenberg Traurig team was led by Dr Henrik Armah.

The Goodwin Procter LLP team was led by Gregor P. Klenk.

The Orrick team was led by Dr Sven Greulich.

Involved fees earner: Henrik Armah – Greenberg Traurig LLP; Achim Braner – Luther Rechtsanwaltsgesellschaft mbH; Ema Buric – Luther Rechtsanwaltsgesellschaft mbH; Nadine Ceruti – Luther Rechtsanwaltsgesellschaft mbH; Philipp Glock – Luther Rechtsanwaltsgesellschaft mbH; Stefanie Hellmich – Luther Rechtsanwaltsgesellschaft mbH; Laura Hoffmann – Luther Rechtsanwaltsgesellschaft mbH; Wulff-Axel Schmidt – Luther Rechtsanwaltsgesellschaft mbH; Björn Simon – Luther Rechtsanwaltsgesellschaft mbH; Michael Ströbel – Luther Rechtsanwaltsgesellschaft mbH; Pierre Daniel Wittmann – Luther Rechtsanwaltsgesellschaft mbH; Sven Greulich – Orrick Herrington & Sutcliffe LLP;

Law Firms: Greenberg Traurig LLP; Luther Rechtsanwaltsgesellschaft mbH; Orrick Herrington & Sutcliffe LLP;

Clients: Goodwater Capital LLC; Owl Ventures; StudySmarter;

Author: Federica Tiefenthaler