MyTutor

Leading digital platform for online private tutoring in the UK

www.mytutor.co.uk

Mobeus invested £2m into MyTutor, the leading digital platform for online private tutoring in the UK.

THE BUSINESS

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.

THE DEAL

Mobeus 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).

THE PLAN

The investment will support an ambitious growth plan and will be used to fund sales and marketing, technology development and the expansion of the MyTutor team.

THE PEOPLE

Amit Hindocha led the deal 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.

Information

Amit Hindocha
Sector:
Business Services
Type:
Growth Capital
Status:
Current
Date:
May 2017
Value:
£2 million
Leader:
Amit Hindocha