Sdui, a Germany-based EdTech startup focused on communication and organization at schools and daycare centres, has raised additional funding extending its Series A round to €25 million. The round was led by HV Capital and Haniel, with participation from High-Tech Gründerfonds (HTGF) and Brighteye Ventures, as well as Dr Michael Hinderer, who invested as a business angel with his family office JSM Hinderer, and growth debt investor Kreos Capital.
The firm plans to utilize the funds to accelerate international expansion and scale its product. It also intends to position itself as a partner for educational institutions across Europe.
Founded in 2018 by Daniel Zacharias, Sdui’s purpose is to connect teachers, educators, parents and children with each other through smart functions. Using the platform, it reduces the administrative workload and frees up time for the essential mission of the institutions: providing the best possible education. The startup offers GDPR-compliant solutions, with functions such as chat, video calls, cloud, timetable or translations specifically tailored to the needs of schools and daycare centres. It is one of the fastest-growing startups in the German EdTech industry as the Sdui Group. As a reliable partner, it guides educational institutions, responsible authorities, and ministries through the digitalization process and develops the operating system for digital schools and daycare centres.
Sdui’s goal is to provide both a foundation and a tool: a solution in which all relevant people come together in a safe environment and everyone can access the functions and support that make their everyday life easier.
Commenting on the funding, Founder & CEO of Sdui, Daniel Zacharias, said:
We are delighted to have a number of renowned investors on our board that is committed to our future strategy and continue to support Sdui’s ambitions to scale in Europe. With revenue growth of more than 300 per cent since the initial Series A in March 2021, Sdui has been able to prove how much more potential our startup’s business model offers. These investments are building the bridge towards profitability, giving us additional confidence to execute our strategy in the current financial market environment.
Zacharias further added:
We see easy access to education as one of the greatest challenges of our time and an essential requirement for Europe’s future. Our conviction is: Sdui will be the digital provider of an innovative operating system that leverages the digitization processes of schools and daycare centres for both public and private providers.
Headquartered in Koblenz, the company comprises companies in Germany, Switzerland and Belgium, with a total of around 170 employees. In addition, the Sdui Group is active in another 4 countries, including Italy and Spain. Currently, more than 10,000 educational institutions all over Europe are using the solution.
Germany’s leading all-stage investor, Partner, HV Capital, Felix Klühr, said:
We’ve been beyond impressed with the team’s ability to build a market-leading cloud operating system for the ever so important process of bringing our school system online. Sdui’s strong and capital-efficient growth made doubling down a no brainer.
The latest round of funding brought Sdui’s valuation to three-digit million; however, the exact amount was not disclosed.
Further, High-Tech Gründerfonds (HTGF) and European EdTech VC Brighteye Ventures also increased their investments in the organisation. Alex Spiro Latsis, Partner, Brighteye, commented:
At Brighteye, we believe in backing strong founders with the potential to build the future education technology leaders of Europe. In Sdui, with its founder Daniel, we see a company and vision addressing a large enough pain point in Europe’s education infrastructure to build an international category leader. Sdui has the potential to transform educational institutions from within, improving efficiencies, communication, the safe handling of data, and the supply of all digital tools and products in a way that few companies can, to be THE digital backbone of European education.