Austria´s online edtech platform GoStudent has acquired 100% of the open tutoring marketplace Tus Media group, owner of four similar platforms that offer edtech services in various markets. These are TusClasesParticulares.com, Voscours.fr, Letuelezioni.it and Classgap.com, which together have five million teachers and serve four million students.
This deal makes the Spanish company the largest marketplace for teachers in the world. Born in 2011 and based in Barcelona, this deal reinforces the company as one of the main players in the education sector in Spain. The acquisition, the first that the Austrian company has carried out in Spain, is part of the growth strategy that it has established for this year.
GoStudent has also acquired, along with Tus Media, the U.K.’s Seneca learning Group, in a move which extends its reach into areas not previously touched by the Austrian unicorn
Garrigues advised GoStudent GmbH on Tus Media acquisition with a Barcelona office team team led by Corporate partner Laura Muñoz, together with senior associate Aurora Sánchez.
