The funding from Partech will also help to expand the StuDocu team.
Currently the platform, which allows students to share study materials – lecture notes, summaries and practice materials – and exchange knowledge with fellow students, reaches 15 million students from 2,000 universities across 60 countries.
“StuDocu is now in a very strong position to accelerate our global roll-out which will bring us closer to reaching our goal of helping students worldwide make the most of their studies,” said Marnix Broer, CEO and co-founder of StuDocu.
Broer founded in 2013 with three other students – Jacques Huppes, Lucas van den Houten and Sander Kuijk – in a bid to allow students to share study resources more efficiently.
“Our top notch international team together with our successful and profitable business model brought us to the very healthy state we’re at now.
“This investment is proof that we’re on the right track to complete our mission”
“This investment is proof that we’re on the right track to complete our mission and will ramp up our steep growth trajectory. With Partech’s scale-up experience on-board StuDocu is set up well for reaching even more students with even better products in the years to come,” he added.
Partech is “excited to partner with this talented team in their mission to make education more accessible to all”, continued general partner at Partech, Bruno Crémel.
“When we met the team at StuDocu, we were wildly impressed with their data-driven culture and by how much students really love using their services,” Crémel noted.
“We look forward to working closely with Marnix and his team as they accelerate StuDocu’s global expansion and develop even more innovative ways to support students in meeting their learning goals.”