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German EdTech startup Knowunity raises €27 million to bring AI tutor to 1 billion students
- German EdTech startup Knowunity raises €27 million in a Series B round to expand its AI learning companion for students.
- The funding will be used for further development, hiring talent, and market expansion, particularly targeting the U.S. and Asia.
- Knowunity aims to reach 1 billion students globally with personalized education.
- The Series B round was led by XAnge, with participation from other investors and prominent business angels.
- Knowunity was founded in 2020 by four 17-year-old students who aimed to modernize the education system.
- The platform has over 20 million users in 15 countries, with significant growth in Germany and Latin America.
- Initially launched as a TikTok-style platform, Knowunity has evolved into an AI-powered study companion.
- The company offers a freemium model and generates revenue through partnerships and a B2C subscription business.
- Students use the app frequently for exam preparation and topic understanding.
- Knowunity's AI tutor provides tailored recommendations and audio explainers based on peer-created content and national curricula.
- The company aims to make personalized learning accessible for all students globally.
- Users engage with the AI companion over seven times per week on average.
- Knowunity's long-term vision is to replace traditional tutoring with intelligent support available 24/7.
- XAnge partner believes Knowunity will revolutionize the education system by providing personalized learning experiences.
- Knowunity's goal is to offer every student a personal AI-based learning companion.
- The company is focused on providing tailored education and intelligent support to students worldwide.
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