What is MyTutor?
MyTutor is an online platform dedicated to providing accessible, one-to-one tuition to improve student grades and enhance life chances. Founded on the principle that quality education support should be available to all, MyTutor leverages a network of tutors to offer personalized lessons tailored to individual student needs and busy family schedules. The company has facilitated over a quarter of a million lessons, with pupils typically improving by an average of one grade within just twelve sessions. The company's mission is driven by the founders' combined experiences in education, analysis, and entrepreneurship, aiming to bridge the gap in educational equity.
How much funding has MyTutor raised?
MyTutor has raised a total of $12.7M across 3 funding rounds:
Series A
$4.2M
Series B
$3.5M
Other Financing Round
$5M
Series A (2017): $4.2M with participation from Mobeus Equity Partners, Clive Cowdery, and Thomas Hoegh
Series B (2018): $3.5M, investors not publicly disclosed
Other Financing Round (2020): $5M supported by Mobeus Equity Partners LLP
Key Investors in MyTutor
Mobeus Equity Partners
Mobeus Equity Partners is a prominent equity investor focused on UK-based SMEs, partnering with skilled management teams of businesses that exhibit strong growth potential. They typically invest in companies generating up to £5 million in EBITDA and provide funding of up to £20 million, primarily through management buyouts or equity releases.
Clive Cowdery
Undisclosed investor participating in the funding round.
Thomas Hoegh
Undisclosed investor participating in the funding round.
What's next for MyTutor?
The recent major strategic investment signals a new phase of growth for MyTutor, likely focused on scaling its operations, enhancing its technological infrastructure, and expanding its reach to serve a broader student demographic. This capital infusion will enable the company to further its mission of democratizing access to high-quality tutoring, potentially exploring new educational verticals or strengthening its existing service offerings to maintain its competitive edge in the edtech market.
See full MyTutor company page
