Unrelenting in their explosive growth throughout the UK, EdTech startup Tutora are gearing up to launch a second round of crowdfunding to continue their expansion into the £6bn UK private tuition industry.
Founded by Scott Woodley, a former teacher fed-up with the difficulty parents faced trying to find a tutor for their children, Tutora helps parents and families find the very best tutors local to them. Tutors provide at-home lessons in any subject and for any age group.
Until now, finding a tutor has remained a difficult process, generally due to a widespread reliance on word-of-mouth or out-dated listings sites and a lack of student reviews. To solve this, the business uses technology to bring a new layer of trust and transparency to the tutoring industry.
The team vet every tutor before they join the site and, because every lesson is booked online, their ‘best match’ algorithm can find the choicest tutors, pulling them to the top of the search results, whilst removing those whom the company don’t feel offer a truly great service.
Last April Tutora raised £150k via Crowdcube allowing the business to begin creating new jobs and scaling rapidly. Since then, they’ve achieved 700% monthly revenue growth and are now the third largest tuition company in the UK. Tutora boast over 6,000 active tutors, delivering thousands of lessons each week, and cover every major town and city across the United Kingdom.
Operating out of Sheffield, on the southern edge of the area rapidly becoming known as the Northern Powerhouse of UK tech and far from the London investment scene, crowdfunding has shown great potential for Tutora over chasing traditional investment routes.
They are now returning to Crowdcube and seek to raise a new round of £350k at a £4.2m pre-money valuation. The funds will be used to further enhance their site, offer online tuition and develop apps for both students and tutors.
Tutora will be launching their Crowdcube campaign next week on Tuesday 31st January.
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