Fuel Ventures invests £2m in UK tutoring platform
London-based investment fund Fuel Ventures has invested £2m in online tutoring platform, Tutor House.
The business connects parents and families with tutors either in-person or online and is run by education professionals to allow families to search for tutors across an array of subjects and academic levels.
Fuel Ventures, which recently raised £20 million in its third round, has invested £2 million in Tutor House.
Ex-teacher Alex Dyer launched Tutor House in 2012, after working in the educational industry for more than 14 years.
Since then the business has become the UK’s leading tutoring agency, offering private home or remote tuition for all Primary, GCSE, A-Level and University subjects.
Tutor House will be using the investment from Fuel Ventures to expand into other countries, and to create a bespoke school in London for students who need intensive tutoring for exam retakes.
“Our company is run by education specialists and tutors, with years of experience,” said Dyer.
“We’re on a mission to change the way students and parents find trusted and qualified tutors.
“We want to return autonomy to tutors, tutees, and families, to make tutoring affordable for and accessible to the people that need it the most. That’s not a big ask, and we’re well on our way to making that happen.”
Mark Pearson, founder of Fuel Ventures, added: “This is an exciting time for Fuel Ventures and its start-ups, and Tutor House is a great business that has already achieved an impressive level of growth since 2012.
“They are the UK’s market leader and are making plans for further expansion into countries outside of the UK, following this investment.”