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Online Tutoring Start-Up MyTutorWeb Secures £1 Million Investment

Posted by Ross Jones-Morris in

Online tutoring start-up MyTutorWeb has this week raised £1 million to help in its bid to make tutoring more accessible to students, both geographically and financially.

The business, set up in 2012 by Durham graduate Bertie Hubbard and former city exec Robert Grabiner, has secured the money from 15 angel investors. The investment also comes off the back of a fantastic 2014 for the business, which saw it grow 400% across the year.

But there is still a long way to go. It is estimated that 24% of pupils have used a tutor at some point in the past year. This equates to around 2.8 million pupils, and the market is growing. In fact, the combined worth of the tutoring market currently stands at a whopping £6.5 billion.

The money raised by this recent round of funding will go into improving the business' online technology, as well as in marketing its product to new students.

Image courtesy of Flickr, Creative Commons.