With just 24 hours left until its second equity crowdfunding campaign on Crowdcube comes to an end, online tutor marketplace Tutora is set to close the funding round with nearly £700,000 in funding. The company launched the initiative last month seeking £350,000.
Tutora was launched by co-founders Scott Woodley and Mark Hughes less than two years ago. The marketplace aims to help parents find and book private tutors online, and its tutors have taught 3,000 lessons in subjects ranging from Math and English to Spanish and Accounting. Woodley recently explained:
“Our success has not only been recognised by our students, tutors and investors. We were recently finalists in TechNorth’s Northern Stars competition, which named us as one of the top 20 startups in the North. We have also been featured in many leading publications, including the Guardian, BBC, The Telegraph and TechRadar (India). Alongside all of this, we have partnered with Pearson, the international publishers, to develop the Tutors’ Guild series of tuition packs, designed to enable tutors to deliver the very best sessions.”
Funds from the latest Crowdcube campaign will go towards building an online tuition platform, student and tutor apps, and further grow the company’s community of tutors and students. The company noted that its extended funding goal is £700,000.
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