Knowunity, a fast-expanding EdTech startup in Germany, founded by teenagers aged 17 at the time, has managed to score a major success in closing its Series B round with an impressive €27 million.
The round was led by European investor XAnge with participation from Portfolion, Isomer Capital, Project A, Redalpine and Educapital; and makes up Tandem’s total raised to date to €45 million.
The new funding will be used to continue to build out its AI-based learning companion, grow its team and power its bold global expansion plan, including entry into the U.S. and Asia, with a vision of reaching one billion students worldwide in the future.
Knowunity Founded in February 2020 by Benedict Kurz (CEO), Gregor Weber (CPO), Lucas Hild (CTO), and Yannik Prigl (Backend) The idea for Knowunity comes from the founders’ own experience: Although personalization through technology had long since arrived in all areas of life, the school system had been stagnating for years in terms of its offerings. The original idea, a TikTok for student-driven notes and explainers, has now morphed into an intelligent AI-driven study companion.
What sets Knowunity apart is its combination of a huge content library of over 3 million peer-created, localized, curriculum-aligned content, along with a personalized AI tutor. It’s not a generalized chatbot, Knowunity’s AI mines the massive amount of human produced content to offer personalized recommendations, immediate feedback and audio explainers, that students really relate to.
This approach has already produced exceptional result, with 1 in 3 German students using the app and significant traction in Latin American markets only a few months after the US takeoff. User engagement is very high, with students engaging with the AI friend over seven days a week.
Benedict Kurz underscored that with AI, truly individualized education is now possible, as AI finally can cater to students real needs: feedback, tailored learning paths, and intrinsic motivation.
According to Valerie Bures, Partner at XAnge, “Knowunity is revolutionising the education system in its entirety, by offering each and every student an AI-based personal learning companion that demystifies complicated subjects and gets them exam-ready”.
The company’s mission is to provide high-quality personalized learning in 24/7 in a more affordable way than the traditional offline education, and to democratize the knowledge, available by breaking down physical and geographical barriers.
