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.
Huckletree's new Web3 HQ aims to put London’s West End at the forefront of Britain’s tech superpower ambitions.

Kingussie High School scoops first place for Junior and Senior categories at this year’s Growing Future Assets Competition.

The lowdown on Manchester-based Arctic Shores and its innovative recruitment solution to help candidate potential count as much as skills and experience.

With the demand for tattoo removal now greater than ever, specialist NAAMA Studios makes a bid for a further £11m in funding.

By combining machine-learning with zero-party data, new tool launched by MarTech startup Qudo ends the ‘era of assumption’ for marketers.

Want to be your own boss and earn some money whilst travelling? Here are a few ways to do just that...

Innovative app marketing and analytics startup, App Radar becomes first platform to provide app marketers with Generative AI-powered insights into their own apps and competition.

Shropshire-based agri-robotics startup upp is automating broccoli harvesting and 'upcycling' the 80% waste into sustainable protein.

Alba secures licence to help transform banking for small and medium sized businesses in Scotland via its high-tech and customer-focused solution.

Making a few small changes in March could make all the difference for your business. Daniella Genas, founder of Be The Boss shares some tips on doing just that.
Published on: 19th April 2016
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.







- Huckletree opens new London hub for tech companies pioneering Web3 solutions 16th Mar 2023 Huckletree's new Web3 HQ aims to put London’s West End at the forefront of Britain’s tech superpower ambitions.
- Scottish Highlands Home to the Next Generation of Future Female Investors 15th Mar 2023 Kingussie High School scoops first place for Junior and Senior categories at this year’s Growing Future Assets Competition.
- London-based NAAMA Studios on a mission to raise £11m funding 14th Mar 2023 With the demand for tattoo removal now greater than ever, specialist NAAMA Studios makes a bid for a further £11m in funding.
- Qudo democratises data-powered marketing with new ‘freemium’ research and activation platform 14th Mar 2023 By combining machine-learning with zero-party data, new tool launched by MarTech startup Qudo ends the ‘era of assumption’ for marketers.