Edumentors raises £1.5m in seed funding led by Magna Investments to develop interactive AI tutoring.
Magna Investments led the seed financing round to support the creation of Edu AI.
Edumentors is an online tutoring platform that connects students with high-achieving university tutors and develops interactive artificial intelligence tutoring technology.
Edumentors has secured £1.5m in seed financing led by Magna Investments, alongside participation from international angels. The company will direct the capital towards expanding its established human tutoring operations and advancing research and development for its upcoming artificial intelligence teaching tools. This latest injection of funds follows a period of growth that has seen the platform deliver over 100,000 lessons across multiple countries.
From the founder
"We're passionate about making education accessible to everyone. Our platform ensures that expert-level educational support isn't restricted by financial barriers or geographical limitations."
Tornike Asatiani
Founder & CEO at Edumentors
Investor perspective
"Since its launch in 2022, Edumentors has held a unique niche in online education. It connects high-achieving student-tutors from top universities with children in need. While most companies overlook this talent-pool, Edumentors built a brand around them and already made over $3m in sales. Given the growth rate and ambition with AI, Edumentors has the opportunity to become the next unicorn in education."
Richard Hargreaves
Magna Investments
Use of funds
- 01Continue product development
- 02Fund research and development
- 03Accelerate go-to-market
Investors
Categories
About the company
Edumentors
Edumentors operates an online tutoring platform connecting students with high-achieving university tutors.