StepStone acquires e-learning start-up StudyDrive
10 Jan 2019
StudyDrive is a platform used by university students to share learning materials and the notes they take during their courses. Users can also ask and answer study-related questions. Around 700,000 students from 100 universities in Germany, Austria, Switzerland, and the Netherlands use the platform and its 250,000 free online documents, according to the start-up.
What makes the company interesting for StepStone is its business model. Employers can post job ads for employees or interns with the required study background. This service is already used by employers like Continental, Henkel, and EY.
StudyDrive was founded by Philipp Mackeprang (LinkedIn profile) and Sven Gasper (LinkedIn profile) in 2013. They’ll keep their roles as CEOs after the acquisition. The start-up was part of the Telekom Accelerator and has received several millions of euros of investment from Dieter von Holtzbrinck Ventures and VC Alstin Capital, among others.
“As part of StepStone, our next step will be to intensively expand our growth during the coming years,” Gasper said. The company wants to eventually establish networks at a global level.
StepStone told the newspaper Handelsblatt that it plans to expand StudyDrive to the U.K. or France next.