UK-based online tutoring provider MyTutor has raised £15 million from SEEK Investments, the Australian backer of FutureLearn, Go1 and Coursera, and existing investors including Mobeus Equity Partners.
The investment in MyTutor marks SEEK Investment’s first since the launch of its new $1.2 billion growth fund.
It will support MyTutor in building out its platform to enable teachers to deliver more efficient and engaging lessons, while funding product development and an international expansion, SEEK said.
MyTutor’s co-founder and chief executive, Bertie Hubbard, said: “We see tutoring as a core part of every child’s education, not as a quick stop gap to deal with an immediate learning problem. It works best alongside their school education – filling any gaps in their foundations, building confidence, and unlocking their full potential.”
SEEK co-founder Andrew Bassat added: ““A positive education experience for everyone is of critical importance. The pandemic has only highlighted the need for an online service that helps fill the gaps in today’s education system by delivering personalised support tailored to the individual. We are excited to support MyTutor as they look to bring life quality tuition to a wider audience.”
Date published: 15 September 2021