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]
Taking place at Digital DNA Belfast 2017, upSTART, the two-day startup pitching battle, will again take place within a boxing arena. The shortlisted startups are...
New Startup Chanty, is an AI powered business messenger & single notification centre for all the software people use at work. Olga Mykhoparkina, CMO at Chanty shares their journey since launching only a few months ago...
Boredom be gone! This app is aimed at helping families discover fun things to do with their kids...
Property is big business, but pretty inaccessible to those without vast funds. Here are a handful of proptech startups who, amongst other things, are looking to change all that..
Currently crowdfunding, Arckit makes it easy to build a DIY 3D model of their dream home, street, or even city. Check it out.
National Enterprise Network, the membership body for enterprise support organisations, has published “Enterprise, the Economy and Society – an enterprise manifesto statement from National Enterprise Network."
‘Tech for Good’ startups can be found across the globe. Here are just a handful we've seen or heard of recently...
techUK, a leading body & trade association for tech companies in the UK, decided to publish their own Digital Economy Manifesto
Startups with focus on either insurance, health & care experiences, or well being change, read on - Bupa Customer Lab has launched its new Blue Table accelerator programme.
Need to generate more sales for your startup? This platform could be for you - it links startups directly with sales professionals.
Published on: 19th April 2016
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Enterprise Manifesto Statement published by National Enterprise Network 22nd May 2017 National Enterprise Network, the membership body for enterprise support organisations, has published “Enterprise, the Economy and Society – an enterprise manifesto statement from National Enterprise Network."
- Vidsy wins Facebook’s Innovation Spotlight award for creativity around video 16th May 2017 London startup Vidsy, a tech startup that helps brands create original & authentic mobile video ads has announced it has won Facebook’s Innovation Spotlight 'Creativity around Video' Award for 2017.
- Rise of the Machines to threaten 46% of Scottish jobs before 2030 9th May 2017 A recent report The ‘Scotland Skills 2030’ report, produced by the Institute for Public Policy Scotland, has warned that nearly half of the Scottish workforce are at risk of job termination because of the rise of automated machines in the workplace.
- Branson’s VOOM Pitch is back for 2017 2nd May 2017 Voom Pitch: a leading UK & Ireland pitching competition from Virgin Media Business is back for 2017 with a valued £1m prize fund & a bus tour.
