October 14, 2021
Stephenson Law has advised leading online tutoring platform MyTutor on a £15m Series B round led by SEEK Investments with support from existing investors including Mobeus Equity Partners.
MyTutor connects secondary school students with a pool of over 20,000 carefully vetted tutors from leading universities and has so far delivered over 2 million lessons through its platform. It has also been selected as a tuition partner for the National Tutoring Programme, part of the UK government’s COVID-19 Education Recovery plan, for the second year running, having supported 30,000 students through the programme in the last academic year alone.
The investment represents SEEK Investment’s first since the launch of its $1.2 billion growth fund. Previous investments by SEEK have included Future Learn (in partnership with Open University), Coursera and Go1.
Managing Director Ed Boal led the round with support from Corporate Solicitor, Jessica Taylor and Head of Employment, Ellie Gilbert.
Ed Boal commented:
“Having provided MyTutor with legal support across its business, we were delighted to be given the opportunity to advise the team on this significant raise. We look forward to continuing to support the business through the next phase of its growth and development internationally.”
Co-founder and CEO of MyTutor, Bertie Hubbard commented:
“Stephenson Law have supported us with day-to-day and strategic legal advice throughout the year. We're grateful to Ed and the wider team for stepping up to support us through this important milestone in MyTutor’s development and for their commitment in getting the deal over the line.”
Stephenson Law’s corporate team has considerable experience advising fast-growth tech businesses from seed to Series A and beyond. The team has been particularly busy throughout the summer, having also advised job management platform Payaca on a £331,000 seed round, FinTech infrastructure platform Integrated Finance on its £2 million seed round and consumer banking creative studio Cauldron on its spin-out from core banking platform Thought Machine.
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