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.”
