– UK, London – MyTutor, the leading digital platform, today announced that Mobeus Equity Partners led a £5 million Series B round of financing, investing £3.6 million, with participation from all MyTutor’s existing high-profile angel investors, including Clive Cowdery (Resolution) and Thomas Hoegh (Arts Alliance).
As part of this round, MyTutor welcomes Anne-Marie Huby, who co-founded the online donation platform JustGiving, as Non-Executive Director.
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.
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.”
Bertie Hubbard, MyTutor CEO, added, “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.”
For more information : https://www.mytutor.co.uk
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