Koblenz / Vienna - The Koblenz-based Sdui Group, one of the leading providers of education technology in Europe, has acquired the education platform FoxEducation with its brands SchoolFox, KidsFox and TeamFox.
Fox Education Services GmbH previously belonged to GoStudent, one of the world’s leading tutoring providers and education platforms.
At the same time, Sdui has received a further 21 million euros from investors. Summiteer and HV Capital are leading the new financing round with broad support from new and existing investors — including Haniel, Brighteye, Michael Hinderer and HTGF.
With the acquisition of FoxEducation, Sdui strengthens its position as a leading education technology provider in Europe and now serves over 22,000 schools and daycare centers.
In addition, Sdui has raised a further 21 million euros from existing and new investors.
Summiteer and HV Capital are leading the new financing round with broad support from new and existing investors — including Haniel, Brighteye, Michael Hinderer and HTGF.
Together with the 25 million euros from the first financing round (Series A), the EdTech provider has raised a total of 46 million euros.
The company is investing part of this sum in the acquisition of FoxEducation.
With the acquisition of FoxEducation, the Sdui Group intends to establish itself as a market-leading EdTech provider in the field of communication and messaging for schools and daycare centers in German-speaking countries.
The company is active in all three countries of the DACH market with a broad product portfolio.
With the acquisition of FoxEducation, the Sdui Group serves a customer base of 22,000 educational institutions throughout Europe.
Similar to Sdui, FoxEducation also offers innovative solutions to improve communication between teachers, educators, students and parents.
In the future, Sdui and FoxEducation will combine their expertise to further improve their products.
Both companies also expect this to lead to stronger growth.
FoxEducation has already had three successful years of growth: the education platform was acquired by GoStudent in September 2021 and grew by over 70 percent under the company’s management.
While FoxEducation’s growth represents a significant achievement for GoStudent, FoxEducation’s capabilities have evolved in a different direction than GoStudent’s core business of personalized tutoring.
For this reason, GoStudent has been able to leverage fewer immediate synergies with FoxEducation than with its broader portfolio: TusMedia, Seneca and Studienkreis.
Determined to drive education forward through the use of technology, the sale of FoxEducation to Sdui Group is a strategic move aimed at improving communication between schools, parents and students and strengthening the EdTech ecosystem in the DACH region.
“The acquisition of FoxEducation is an important strategic move that significantly strengthens the Sdui Group’s presence in the DACH region. With a growing, holistic product offering, this exciting acquisition will enable Sdui to better serve educational institutions in German-speaking countries and consolidate our position as the largest digitalization partner for educational institutions in Europe.
The EUR 46 million we have raised in total will also enable us to continue to invest in pioneering education technology,” says Daniel Zacharias, founder and CEO of the Sdui Group.
“The acquisition of FoxEducation by the Sdui Group is a significant gain for our customers.
We look forward to joining forces to further improve everyday life in schools and daycare centers.
Our combined expertise will create an even stronger foundation for innovative educational solutions.
This partnership will ensure that our customers receive the best possible tools for their educational needs.
By pooling our resources, we will offer even more comprehensive and effective solutions than before, which will benefit students, teachers and parents alike,” Philipp Fendt, Co-CEO of FoxEducation.
The Sdui Group plans to use the new funds to invest further in its platforms and make everyday life in schools and daycare centers even easier.
About the Sdui Group Since its foundation in Koblenz in 2018, the Sdui Group has developed into one of the fastest growing companies for educational technologies in Europe. As a reliable partner, the EdTech provider supports educational institutions, providers and ministries with digitalization by developing innovative operating systems for digital schools and daycare centers. The aim of the platform is to use smart functions to connect teachers, educators, parents and children. The Sdui Group’s solutions reduce the administrative workload, freeing up time for the institutions’ main task: providing the best possible education. To this end, the Sdui Group offers GDPR-compliant solutions with functions such as chat, translation functions, cloud, class register or AI lesson planner, which are specially tailored to the needs of schools and daycare centers. The Sdui Group also includes the administration and management platform PUPIL and the learning and grade management offering Additio. The company is based in Koblenz and currently employs around 230 people. It is active in more than 70 countries. Following the acquisition of FoxEducation, a total of around 22,000 educational institutions currently use Sdui Group services. https://sdui.de/
About FoxEducation FoxEducation was founded in Vienna in 2016 and offers digital solutions to simplify communication and administrative tasks in the education sector.
In addition to the SchoolFox app for schools, the company later launched the KidsFox platform for daycare centers and kindergartens and TeamFox for clubs.
Today, over 9,000 institutions in the DACH region use the FoxApps.
In summer 2021, FoxEducation became part of the Austrian company GoStudent and the apps have been continuously developed ever since — including the innovative payment management tool FoxPay.
FoxEducation has been part of the Sdui Group since July 2024.
(as of July 2024).
www.foxeducation.com About GoStudent GoStudent is one of the world’s leading tutoring providers and education platforms.
The company was founded in Vienna in 2016 by Felix Ohswald (CEO) and Gregor Müller (COO) and has already received more than 675 million euros from investors such as Prosus, Left Lane Capital and SoftBank Vision Fund 2.
GoStudent is convinced that the future of education is hybrid and has expanded its offering with the acquisition of Seneca Learning, Tus Media and the offline tutoring provider Studienkreis.
Together, these companies aim to combine the best of the online and offline worlds to unlock the potential of every child.
The entire GoStudent portfolio supports 10 million families every month. www.gostudent.org About High-Tech Gründerfonds The seed investor High-Tech Gründerfonds (HTGF) finances technology start-ups with growth potential and has supported more than 750 start-ups since 2005. With the launch of the fourth fund, HTGF has around 1.4 billion euros under management. The team of experienced investment managers and start-up experts supports the young companies with know-how, entrepreneurial spirit and passion. The focus is on high-tech start-ups in the fields of digital tech, industrial tech, life sciences, chemistry and related business areas. To date, external investors have invested around EUR 6 billion in the HTGF portfolio in more than 2,000 follow-up financing rounds. In addition, the fund has already successfully sold shares in more than 180 companies. Fund investors in the public-private partnership include the German Federal Ministry for Economic Affairs and Climate Protection, KfW Capital, and 45 companies from a wide range of industries. The seed investor High-Tech Gründerfonds (HTGF) finances technology start-ups with growth potential and has supported more than 750 start-ups since 2005. With the launch of the fourth fund, HTGF has around 1.4 billion euros under management. The team of experienced investment managers and start-up experts supports the young companies with know-how, entrepreneurial spirit and passion. The focus is on high-tech start-ups in the fields of digital tech, industrial tech, life sciences, chemistry and related business areas. To date, external investors have invested around EUR 6 billion in the HTGF portfolio in more than 2,000 follow-up financing rounds. In addition, the fund has already successfully sold shares in more than 180 companies. Fund investors in the public-private partnership include the German Federal Ministry for Economic Affairs and Climate Protection, KfW Capital, and 45 companies from a wide range of industries. www.htgf.de