Studydrive

Studydrive

Study and sharing platform for students.

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Total Funding000k

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Revenues, earnings & profits over time
EUR2017201820192020202120222023
Revenues0000000000000000000000000000
% growth---16 %41 %28 %1 %
EBITDA0000000000000000000000000000
% EBITDA margin--(287 %)(230 %)---
Profit0000000000000000000000000000
% profit margin--(297 %)(261 %)---
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000

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More about Studydrive
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Studydrive operates as an online educational platform centered around a peer-to-peer document sharing model for university students. The company was founded in Berlin in 2013 by Philipp Mackeprang, Sven Gasper, and Julian Hansmann. The concept originated from the founders' own experiences as students at Maastricht University, identifying a gap in the market for a streamlined way to exchange study materials. During a trip to Brazil, Mackeprang and Gasper solidified the business idea, aiming to create a service they wished they had during their studies. This followed an earlier, successful experiment by Mackeprang who created a Dropbox folder for sharing notes, which attracted over 500 students in two weeks, validating the demand.

The core of Studydrive's business is a freemium platform that allows students to access a large repository of over one million study documents, including lecture notes, summaries, and past exams. The content is user-generated; students upload materials and can interact with peers in course-specific discussion groups. To incentivize participation, users earn rewards for sharing high-quality notes. The platform serves a broad student demographic across Europe, with a significant presence in Germany, Austria, Switzerland, and the Netherlands. While the basic service is free for students, Studydrive generates revenue through two primary channels. Companies pay for targeted advertising and job listings to reach the student user base, effectively acting as a recruiting channel for employers like Continental, Henkel, and EY. Additionally, a premium subscription tier offers users features such as ad-free access, offline document downloads, and enhanced AI capabilities.

The platform has evolved to include a suite of digital tools designed to enhance the learning process. These include AI-powered flashcards, a chat function that pulls answers from student documents, and organizational tools like Study Lists. Beyond academics, Studydrive positions itself as a career-building resource. It features a career-matching tool called "Job Vibe," company profiles, and a podcast with career insights, connecting students with potential employers for internships and graduate jobs. A significant milestone in the company's history was its acquisition by StepStone Group, a major recruitment company, in January 2019. This partnership provided Studydrive with the resources for accelerated international expansion while allowing it to operate as an independent subsidiary. Prior to this, the company had secured funding from investors including ALSTIN Capital and Dieter von Holtzbrinck Ventures.

Keywords: student community, peer-to-peer learning, study materials, lecture notes, exam prep, EdTech, university students, academic resources, career services, student recruitment, online learning platform, study notes exchange, AI study tools, flashcards, job board, internship search, corporate recruiting, student jobs, academic collaboration, user-generated content, StepStone Group, European student platform, study guides, course discussions

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Investments by Studydrive

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ACQUISITION by Studydrive Mar 2018