Sdui, a Koblenz, Germany-based education technology company, acquired FoxEducation, a Vienna, Austria-based digital education solutions provider with its brands SchoolFox, KidsFox and TeamFox.
The acquisition of FoxEducation will establish Sdui Group as a market-leading EdTech provider in the field of communication and messaging for schools and preschools in German-speaking countries.
At the same time, Sdui has raised a further €21M. The round was led by Summiteer and HV Capital with participation from new and existing investors – including Haniel, Brighteye, Michael Hinderer and HTGF. With the €25M from the first financing round (Series A), the EdTech provider now has a total of €46M available for investment. The company is investing part of this sum in the acquisition of FoxEducation.
FoxEducation offers digital solutions to simplify communication and administrative tasks in the education sector. In addition to the SchoolFox app for schools, the company later introduced the KidsFox platforms for preschools and kindergartens, as well as TeamFox for clubs. Today, over 9,000 institutions in the DACH region use the FoxApps. In the summer of 2021, FoxEducation became part of the Austrian company GoStudent, and the apps have since been continuously developed – including the innovative payment management tool FoxPay.
Led by Founder and CEO Daniel Zacharias, Sdui Group is an EdTech provider that supports educational institutions, providers and ministries in digitalisation and develops innovative operating systems for digital schools and preschools. It currently employs around 230 people and it is active in more than 70 countries. Following the acquisition of FoxEducation, a total of 22,000 educational institutions use services offered by the Sdui Group.
FinSMEs
18/07/2024