Tute

HEDLINE: Tute raises Venture Round led by Leaf Investments

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Tute, a UK-based social education platform which connects students with tutors via a virtual classroom environment, raised a venture round led by Leaf Investment with participation of existing investor Holidaybreak Plc. Financial terms have not been disclosed.

The funding will be used to invest in technology, infrastructure and to hire more teachers. Tute also plan to expand internationally.

Key Takeaway

Tute also announced the addition of GCSE and A Level courses to its offering which enables schools to access 29 different subjects covering year groups from 5 to 13.

Tute sells its product to both schools and parents. Parents can subscribe to group lessons at a price of £10 per lesson. Schools subscribe to courses per year with pricing depending on the number of students and number of lessons per week. For example, a course with 4 students, two lessons per week costs £3550 per year. Each course is supported by social learning functionalities, parent and teacher support, mock exams, marked assignments and tech support.

Founded in 2012 and launched in 2013 by Sean Gardner, James Fawcett and web design company Cloudthings, Tute says that its product is used in 300 schools, delivering 10k lessons to 110k students in the first 18 months since the platform launched.

The startup also recently relocated into a new office, providing space for up to 100 employees. Tute now aims to grow to 150k lessons delivered per year.

Tute’s announcement comes on the heels of a £750k investment round for Third Space Learning which uses virtual classrooms to connect disadvantaged students with maths experts from around the world for personalised 1:1 tutoring sessions. Third Space Learning announced its Angel Round last week.

Further Reading

  • New investment supports Tute to extend coverage to A Level and GCSE courses | Tute
  • New Offices to cope with business growth | Tute

Links

tute.com | Twitter

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Kay Alexander

Managing Editor at EDUKWEST Europe
Kay Alexander is the Managing Editor of EDUKWEST Europe and Creative Director of Winkler Media.

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