Knowunity, the digital learning platform for students, announces a €2 million seed financing round. Project A Ventures leads the round, supported by renowned business angels such as Mario Götze, Verena Pausder, Discovery Ventures and Saarbrücker21. The platform was launched in September 2020 and is among the fastest-growing education apps in Germany.
Knowunity is a learning platform for and by students, enabling them to solve any learning problem in just one app. The Knowunity app includes more than 50,000 pieces of user-generated learning content, such as summaries, learning aids or explanations – available free of charge in all topics and subjects. Experienced students can upload their content, help other students and build up a follower base with their knowledge.
Benedict Kurz, CEO and co-founder of Knowunity, says: “Knowunity is a kind of ‘spotify for learning materials’ for students aimed at covering all aspects of everyday school life. Combining social media and educational elements, Knowunity creates an ideal digital learning environment as a suitable addition to regular school classes. Knowunity is used by more than 700,000 students already and is growing rapidly. That’s why we are proud to have found the best partner in Project A to further develop our platform and increase our growth.”
Dr. Anton Waitz, General Partner at Project A says: “We believe that Knowunity will become the most used learning platform for high school students in Europe. The market in Germany alone encompasses 8 million students and after only six months almost one tenth of them have downloaded the app already – with impressive engagement rates and extremely positive feedback.”