Berlin-based recruitment firm Stepstone acquires e-learning platform Studydrive

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Founded in 2013, the Cologne-based e-learning platform Studydrive allows more than 700k students from 100 universities from Germany, Austria and Switzerland to share their learning materials and lecture notes, and helps students find jobs and internships once they’re finished with their studies. Now, the Berlin-based recruitment company StepStone has taken over Studydrive. The amount of the deal has not been disclosed.

Studydrive is free for students, while companies pay for ads, mailings or job advertisements in the career sector.

Studydrive had previously raised two rounds for a total of €3.5 million, from Holtzbrinck Ventures and the venture capital firm Alstin. In the past year, Studydrive itself made two acquisitions, buying the learning app Veed and the index card tool Skive.

Studydrive co-founder Sven Gasper said: “With Stepstone, we have found a partner who shares our vision of becoming the leading global student platform. We now want to grow as fast as possible in terms of user numbers and employees in order to expand and become a market leader.”

StepStone CEO Sebastian Dettmers said: “We quickly realized that we had a perfect match. Studydrive is a fantastic company that has huge potential and founders who think big. This is something you rarely see in Germany.”

The company plans to help Studydrive grow internationally.

“We provide access to virtually all relevant employers in key European markets,” added Dettmers. For Studydrive, the UK and France are the next steps – “then we will look at other European markets.”