MyTutor

Leading digital platform for online private tutoring in the UK

www.mytutor.co.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 les a £5m Series B in June 2018, investing a further £3.6m, with participation from all MyTutor's existing high-profile angel investors.

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 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. 

THE PLAN

This latest investment will support further expansion, including marketing, developing the platform and increasing the size of the team.

THE PEOPLE

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.

Information

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