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 iam@startacus.net
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.
Based in the UK or Ireland and got an innovative early-stage idea for the health sector? Validate that idea via the DigiHealth pre-accelerator - applications now open.
The lowdown on watchTowr, the startup that's on a mission to provide organisations with "continuous cyber security assurance aligned to the capabilities of today’s adversaries."
Fin Cope, CEO and Co-Founder of environmentally conscious marketplace GoEthical shares insights on the signs of greenwashing he looks out for to help avoid contributing to environmental harm.
Pet owners take note! GetSetPet is a startup on a mission to become the ultimate destination for your pet supplies.
Andrea Szell, Founder of Spare Desk shares some insights on the positive impact that sharing a workspace can have on our mental health.
.png)
The lowdown on Oxford Quantum Circuits, the innovative Reading-based startup that's on a mission to make quantum computing accessible to all.
.png)
Sodexo Live! and L Marks open call for applications from innovative startups and scaleups to join their inaugural North America Innovation Lab.
.png)
Startups founded by students and recent graduates from the University of Edinburgh secure SMART:SCOTLAND grants to help support their ambitious and innovative projects.
Lydia Kothmeier, VP of Operations at Storyblok shares insights on the processes and policies that every startup should have in place in order to make remote working work.
The lowdown on HoloToyz, the Irish startup and its products for kids that can come to life through the power of augmented reality.
Published on: 19th April 2016
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- DigiHealth Lean Launch Programme opens for applications 11th Aug 2022 Based in the UK or Ireland and got an innovative early-stage idea for the health sector? Validate that idea via the DigiHealth pre-accelerator - applications now open.
- Sodexo Live! And L Marks Seeking Startups and Scaleups for first ever North America Innovation Lab 5th Aug 2022 Sodexo Live! and L Marks open call for applications from innovative startups and scaleups to join their inaugural North America Innovation Lab.
- Innovative University-supported startups secure £500,000 in grant funding awards 4th Aug 2022 Startups founded by students and recent graduates from the University of Edinburgh secure SMART:SCOTLAND grants to help support their ambitious and innovative projects.
- Registrations Open for Inbound Investors 2022 2nd Aug 2022 Inbound Investors 2022 providing NI businesses with the opportunity to pitch directly to leading UK investors over the course of one day.
