Successful exit of learning platform Sofatutor
Berlin/Munich, 17 March 2021 – Exit Sofatutor: Acton Capital sells all shares in Sofatutor GmbH, the most comprehensive learning platform in the German-speaking market, as part of a full recapitalization. The new investor is a consortium led by EMERAM Capital Partners and GIMV. Acton has been invested since 2012. This provides the team around sofatutor founder Stephan Bayer with a new ownership structure to strategically develop the sofatutor service with new partners and drive forward the ambitious plans for growth. sofatutor is currently used by around one million users. This includes over 10,000 schools. This means that every fourth teacher in Germany now has access to sofatutor.
Berlin, 17 March 2021 – sofatutor, a pioneer of online learning in Europe, is reorganizing its investor structure. With a consortium consisting of the Munich-based investor EMERAM Capital Partners, the Sustainable Bond of European investment company GIMV and other investors, experienced investors will continue to support the fast-growing online learning platform in the future. They are replacing the previous investors – including Acton Capital, Frog Capital and IBB Ventures – and take over their shares.
“We would like to thank our existing shareholders for their successful cooperation in recent years. Without their financial and strategic support, we would not be where we are today. In line with the “venture capitalist” business model, our successful partnership ends here to the full satisfaction of all parties. And we have found exactly the right investors for the next growth cycle,” says Stephan Bayer, founder of sofatutor. “Operationally, not much will change: we remain true to our innovative DNA, have an enormous appetite for growth and will continue to set new standards in school learning.
Today, sofatutor’s product and service portfolio includes a wide range of more than 11,000 videos and over 40,000 exercises and worksheets for 14 different school subjects. Students can flexibly access materials via sofatutor’s web-based platform or mobile app and receive homework help from qualified teachers in a real-time chat.
The departing investors express their gratitude to management: “We have accompanied the growth of sofatutor for almost 10 years and are proud and grateful for the successful journey together with the managing directors Stephan Bayer, Colin Schlüter and Arne Strawe. Our collaboration has always been characterized by respect, constructive discussions and fun at work,” says Dr. Christoph Braun, Managing Partner of Acton Capital and chairman of sofatutor’s advisory board.
After the most successful year in the company’s history, with currently around one million users and collaborations such as with Deutsche Telekom and the state governments of Bremen and Saxony, the new investors are now providing funds for growth and further development of the range of services and are supporting the company in the next growth phase. Among other things, the Berlin grown-up now is planning to develop even more digital learning models together with schools and school authorities – thus also consolidating its place in the school curriculum. Stephan Bayer is optimistic: “We want to support schools, teachers and students not only in the afternoons, but also provide digital learning content in the mornings.
Financial details of the agreement were not disclosed. The transaction is expected to be completed by the end of April.