Munich — EMERAM Capital Partners, one of the leading private equity firms for medium-sized companies in the German-speaking region, is leading an investor consortium, including the private equity firm Gimv, to take the digital company sofatutor into its next growth phase. This replaces the previous shareholders.
sofatutor is the most comprehensive digital education platform for students in the German-speaking world for grades 1 to 12 (K‑12). Number of users increased to more than one million students in 2020, the year of success. Further digital learning offerings and integration into school operations represent a key growth lever. sofatutor plans to close the gap in online learning and improve access to first-class education with further innovative offerings. In this way, the strong growth of recent years is to be continued.
Founded in 2008, the company currently has more than one million users. In addition, sofatutor is now used by around 25 percent of all teachers throughout Germany, as well as in the German states of Saxony and Bremen. sofatutor thus sees itself as the most comprehensive provider of digital learning assistance in Germany, Austria and Switzerland, a market with a total of more than eleven million students.
The product and service portfolio of sofatutor includes a wide range of more than 11,000 videos as well as exercises and worksheets for 14 different school subjects. Students can flexibly access materials and have a real-time chat on homework with qualified teachers through sofatutor’s web-based platform or app.
Dr. Christian Näther, Founding Partner of EMERAM Capital Partners, says: “Good education is a significant factor for a country’s society. That is why we want to support sofatutor in continuously expanding its learning offering. Already, sofatutor is experiencing high demand for its digital learning offerings, which has been further strengthened by homeschooling and COVID-19. We would like to continue this success story.” Matthias Obermeyr, Partner at EMERAM Capital Partners, adds: “Thanks to its comprehensive digital offerings, innovative strength and good value for money, sofatutor already has a strong market position. An expansion of this digital product offering as well as the further development of digital learning models also offers significant growth potential.”
Stephan Bayer, CEO of sofatutor and founder of the company, explains: “With more than one million users and the large network of teachers who integrate sofatutor’s digital learning content into their lessons, sofatutor has long been the leading provider of digital learning services. With the new investor consortium, we now have another strong investor group at our side that will very competently accompany and support the company in the next growth phase. Innovative digital learning offerings will continue to form our DNA in the future. We want to support schools, teachers and students not only in the afternoons, but also provide digital learning content in the mornings when schools are in session.”
Dr. Sven Oleownik, Partner and Head of Germany at the European investment company Gimv, which specializes in growth companies.With its investment in sofatutor, Gimv reinforces its ambition to invest in future-oriented companies along the fundamental consumer trends of digitalization, sustainability and convenience. Together with EMERAM, Gimv supports an excellently managed company whose digital offering perfectly addresses the United Nations goals of high-quality education and digital innovation. Koen Bouckaert, Managing Partner and Head Consumer at Gimv, added: “We are therefore particularly pleased to allocate part of our recently launched Sustainable Bond to sofatutor’s growth story and thus make a significant contribution to the company’s development.”
Advisor to the investor consortium around EMERAM and Gimv:
IEG Investment Banking Group (M&A), GLNS and McDermott (Legal), PwC (Financial, Tax and Commercial) and Xperify (Tech/Marketing) advised.
The transaction is subject to customary conditions, including approval by the competition authorities. Further financial details will not be disclosed.