Tutora Smashes Crowdfunding Target
by Startacus Admin
Tuition marketplace, Tutora, raises £150,000 in just four days
Towards the end of 2015 we featured an interview with Mark Hughes about his ambitious local tutor marketplace Tutora and since then his innovative platform has gone from strength to strength. In fact, the team has just made crowdfunding history, by becoming the first ever edtech Startup to reach their crowdfunding target on Crowdcube within just 4 days. The £150,000 which was raised with record speed gives the fledgling platform a post-money valuation of around £1.5M. 
Tutora fulfills a very simple, yet highly valuable function - it matches parents looking for some extra lessons for their children, with the tutors who can deliver them.
The growth they have experienced to date is extremely impressive, having only launched in August they are already playing host to over 1,500 tutors from across many of the UK’s major cities. Tutora was created by Co-Founders Mark Hughes and Scott Woodley who both quit their day jobs in 2015 in order to pursue their startup with all of their energy.
“We’re delighted to have secured the investment in such a short period of time,” Co-Founder, Mark said. “It clearly validates both the success we have demonstrated to date, and the plans we have in place to further scale the business.”
Although based upon the well-known online marketplace model, Tutora is representative of a wider shift in this type of platform but offering a two-sided solution which holds significant benefits to both the provider and the purchaser- recent well-known examples of similar models include Uber and Airbnb.
“Finding a tutor can be a real pain for many parents,” said Scott. “Like similar business, we’re trying to use the technology available to allow people to make smarter, quicker decisions. To do that, you’ve got to focus entirely on user experience. In our case, allowing tutors and parents, or students, to find each other easily.”
“When Scott initially spoke to me, I looked at the current solutions available and soon realised they just weren’t fit for purpose. My role at the time involved analysing tech companies and I immediately knew that the industry was ripe for disruption.”
To read more about the site and see how it works, visit https://tutora.co.uk
Have you got some startup or business news that you would like to share with our community?
Add your business to our showcase area and drop us an email to [email protected]
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
We take a look at BioSure, the award-winning startup which has created an innovative HIV self testing kit...
Innovation in messaging thanks to the social ice-breaker app for the London Tube, TubeChat
AR anatomy learning, thanks to Curiscope and their Virtuali-Tee, an Augmented Reality T-Shirt that bring the science of anatomy to life.
North East of England entrepreneurs and startups take note! The Ignite accelerator, a 6 month remote accelerator for MVP stage founders or teams is back.
Pioneering meat wholesaler ‘Ethical Butcher’ are looking to revolutionise the UK meat market with a pioneering new venture which aims to see carbon negative meat delivered to UK households.
London-based StateZero Labs, the world’s first dedicated Blockchain Lab for startups, will be opening its doors to six selected startups as part of its first cohort in January 2019.
Twigdoo offers a lead management service for businesses - a service which engages and converts leads whilst providing a high quality sales experience
Artomatix - The Dublin based startup that's using AI to help 3D artists create...
The startup that helps media companies to leverage user context data without exposing personal data...
IGO Adventures organise a series of multi-disciplined, physical challenges in some of the world’s most spectacular & remote wildernesses. Now they are looking to raise investment.
Published on: 19th April 2016
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Ignite Accelerator 2019 opens for North East England startups 16th Nov 2018 North East of England entrepreneurs and startups take note! The Ignite accelerator, a 6 month remote accelerator for MVP stage founders or teams is back.
- Blockchain lab for startups StateZero Labs to offer £50k equity-free 15th Nov 2018 London-based StateZero Labs, the world’s first dedicated Blockchain Lab for startups, will be opening its doors to six selected startups as part of its first cohort in January 2019.
- UK scaling startups sort for Upscale Tech Nation programme 5th Nov 2018 UK-wide scaling startups take note! This free programme, care of Tech Nation is aimed at further accelerating the growth of your business.
- Chancellor’s ‘little extras’ will not undo 8 years of cuts to public services, says TUC 29th Oct 2018 Commenting on the 2018 Budget Statement, which set out the government’s spending plans up to 2024, TUC General Secretary Frances O’Grady had this to say...
