Leading digital platform for online private tutoring in the UK
Mobeus originally invested £2m into MyTutor, the leading digital platform for online private tutoring in the UK in 2017, following which the company has grown rapidly. Mobeus led a £5m Series B in June 2018, investing a further £3.6m, with participation from all MyTutor's existing high-profile angel investors.
MyTutor is a digital platform with the potential to disrupt the £2 billion UK tutoring market. The Company aims to deliver better educational outcomes by connecting school pupils seeking private one-on-one tuition to high-performing university students who in turn receive an attractive income.
Mobeus originally invested £2 million of growth capital as part of a wider £3m funding round with participation from high-profile angels including Clive Cowdery (Resolution Capital) and Thomas Hoegh (Arts Alliance).
Following rapid growth, Mobeus led a Series B, investing a further £3.6m.
This latest investment will support further expansion, including marketing, developing the platform and increasing the size of the team.
Amit Hindocha led the original deal and the follow-on for Mobeus and has joined the Board. The executive team is supported by experienced non-executive Directors in Stephen Welton (CEO of BGF) and Stephen Grabiner (formerly Apax Partners), who both participated in the round.
- Business Services
- Growth Capital
- May 2017
- £2 million
- Amit Hindocha