What is MyTutor?
MyTutor is an ed-tech company dedicated to making high-quality, one-to-one tuition accessible to all students. Recognizing that improved grades directly correlate with enhanced life chances, MyTutor was founded to bridge the gap in educational support that was previously limited by cost, availability, or geography. The company operates an online network of tutors, providing tailored lessons that fit busy family schedules. MyTutor's impact is evident, having delivered over a quarter of a million lessons, with pupils achieving an average of one full grade improvement in just twelve sessions. The company's mission is driven by its founders' combined experiences in education, analysis, and entrepreneurship, aiming to democratize access to academic support and improve outcomes for disadvantaged children.
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 Clive Cowdery, Mobeus Equity Partners, 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. Mobeus builds diversified portfolios across various sectors, including B2B services, human capital, and distinctive brands. Their commitment extends beyond financial returns, as they aim to create a positive impact through their investments.
Clive Cowdery
Undisclosed investor participating in the funding round.
Thomas Hoegh
Undisclosed investor participating in the funding round.
What's next for MyTutor?
With its recent major strategic investment, MyTutor is poised for accelerated growth and enhanced service delivery. The company's focus on providing life-changing tuition for all aligns with a growing demand for personalized educational support. Future initiatives are likely to involve expanding its tutor network, enhancing its online learning platform, and potentially reaching new demographic segments or geographical markets. The enterprise-level backing suggests a strategic phase focused on scaling operations and solidifying its market leadership in the competitive online tutoring landscape.
See full MyTutor company page
