German startup charly has received €3 million in a Series A round from its existing backers including Core Ventures and angel investors Daniel Schütt, Stefan Peukert, Dieter Dahlhoff, Michael Brehm and Thomas Baum. With the fresh funding the total amount raised by the edtech increased to €7 million, Deutsche Startups reports.
charly was founded in 2016 as PrintPeter, a free print service for students. The platform connected students and employers, allowing companies to place relevant job advertisements in the students’ learning materials, which they sent to PrintPeter for printing. In the following years, the startup added new products to its portfolio – a scanning app and job board, where students could find work.
In 2019, the startup in memory of its co-founder Karl Bagusat, who died that year, changed the name to charly and launched an online learning platform for exam preparation. The solution includes a database run by students’ exam-related questions and answers, and by tutors’ responses.
According to the data from charly’s website, its services are already used by 400,000 students from more than 900 universities.
