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Wednesday 15 September 2021

Tutorful to expand following latest investment

Tutoful logoOnline tutoring start-up, Tutorful, has raised £3m in a funding round led by Mercia-managed Northern Venture Capital Trust (VCT) and NPIF – Mercia Equity Finance. It follows a £3.2m investment from NVM Private Equity (NVM) in 2019.

The Sheffield-based business was founded by Mark Hughes and Scott Woodley in 2015 with the aim of taking the hassle out of finding a private tutor. The company used to provide face to face tutoring but moved to online tuition only earlier this year.  

The business achieved significant growth in 2020 as the pandemic dramatically increased demand for remote learning. It now has over 11,000 registered tutors covering more than 300 subjects from early years to postgraduate education.

This is a hugely competitive part of the edtech market, so Tutorful will need to invest its new funds wisely. It intends to use the new investment to further develop its platform, expand internationally and increase the size of its South Yorkshire team.

Posted by: Dale Peters at 09:31

Tags: education   startup   investment   edtech  

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