MyTutor Top Of The Class With New Mobeus-Led Investment
On MyTutor’s leading digital platform, school pupils are matched with handpicked, high‐performing university students for one-to-one tuition in an interactive Online Lesson Space. Trusted by parents and teachers, students receiving tuition through MyTutor for more than one term improved by almost 2 grades last year. The schoolchildren receive great one-to-one support, parents and teachers see improved educational outcomes, and the tutors benefit from work they can fit around their degrees. Everybody wins.
Mobeus Equity Partners led the £5 million Series B, investing £3.6 million, with participation from all MyTutor’s existing high-profile angel investors, including Clive Cowdery (Resolution) and Thomas Hoegh (Arts Alliance).
Since MyTutor’s Series A in May 2017, the company has grown rapidly. This latest investment will support more ambitious expansion, including marketing, further developing the platform and increasing the size of the team. As part of this round, MyTutor welcomes Anne-Marie Huby, who co-founded the online donation platform JustGiving, as NED.
MyTutor was founded in 2013, by co-founders Bertie Hubbard (CEO) and Robert Grabiner (COO), and joined by James Grant (CCO) in 2015. They share the belief that every secondary school pupil should have the opportunity to benefit from high quality one-to-one support. The executive team is supported by experienced non-executive directors in Stephen Welton (CEO of BGF) and Stephen Grabiner (former partner at Apax) who both participated in the round.
Amit Hindocha led the deal for Mobeus and sits on the board. He comments, “MyTutor’s management team has delivered exceptional growth since we first backed them last year. We are really excited to see the impact they will have on young people’s futures with even more firepower.”
20 June 2018
“As more forward-thinking parents and headteachers come to trust that online services can deliver a rich, human experience with the quality and impact of traditional methods, we’ve seen demand surge. This follows the development of other credible, high quality online experiences such as online GP services and language learning. With this second round of funding MyTutor can make comparable advances to enhance the one-to-one educational experience.”