MyTutor raises £15m in Series B funding led by SEEK Investments to expand its online education platform.
SEEK Investments led the Series B round, which will fund international expansion and product development.
MyTutor operates an online tutoring platform connecting students with subject experts from top universities. The company supports both schools and private families to deliver academic tuition.
MyTutor has secured £15m in a Series B follow-on funding round led by SEEK Investments, with participation from existing backer Mobeus Equity Partners. The company plans to direct the new capital towards enhancing its platform for more engaging lessons, developing its group tuition product, and expanding internationally. This follows increased demand for online education during the pandemic and MyTutor's selection as a provider for the National Tuition Programme.
The investment marks SEEK Investments' first deployment from its recently announced A$1.2bn growth fund. MyTutor currently works with a base of 20,000 university tutors, having delivered over two million lessons to pupils across hundreds of secondary schools and households.
Use of funds
- 01Continue product development
- 02Expand into international markets
