Tutorful secures £3.2m from NVM Private Equity to scale its online tutoring platform.
The investment was led by NVM Private Equity and will fund product development.
Sheffield-based Tutorful operates an online education platform that connects students with tutors across a wide range of subjects. The company provides a virtual classroom environment alongside scheduling and billing tools to support digital learning.
Tutorful has secured £3.2m in funding from NVM Private Equity to support its online tutoring operations. The capital will be directed towards product development, including new tools and curriculum content for tutors.
Founded in Sheffield, the company provides a platform for one-to-one tuition spanning early years education up to PhD level. Ishaan Chilkoti and Stephen Johnson managed the transaction for NVM, with Chilkoti joining the company board.
From the founder
"Tutorful started with a simple mission: to radically improve the quality and accessibility of private tutoring throughout the UK, and since 2015, we’ve already helped over 100,000 parents and students achieve their goals. This investment and support by NVM will help us accelerate our product innovation, particularly our online platform, to help us reach an even greater number of parents."
Mark Hughes
CEO at Tutorful
Investor perspective
"Tutorful represents an opportunity to invest in an exciting company operating in a large industry ripe for digital transformation. In a relatively short period of time the team has developed a platform which has proved appealing to parents and students, supported by a growing catalogue of positive online reviews. We look forward to working with Mark and the team as they continue to make high-quality tutoring accessible to more households."
Ishaan Chilkoti
Investment Manager, NVM Private Equity
Use of funds
- 01Continue product development
