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Paris-based LiveMentor, an online marketplace for live tutoring via web video chat, raised a €900.000 seed round from ISAI and a group of business angels including Nicolas Brusson, cofounder of BlaBlaCar.
Founded in 2012, LiveMentor currently has over 12.000 users, 2.500 of which are mentors. Tutoring sessions start at €10 per hour.
Two weeks after sending out a notice to its users announcing the platform has to shut down due to unsustainable running costs for the service, Zondle has found an anonymous donor who will support the transition to a paid, subscription-based model.