RPC advises lead investor Mobeus Equity Partners on £4 million funding round for EdTech business MyTutor
City-based law firm RPC has acted for lead investor Mobeus Equity Partners LLP in connection with its latest investment into EdTech business MyTutor, one of the leading digital platforms in the UK tutoring market. Mobeus was lead investor in the £4m investment round, the proceeds of which will be used to support MyTutor's ambitious growth plans.
Mobeus have previously invested £5.6 million in MyTutor from a total investment of £8 million.
RPC has advised Mobeus on each of these investments, led in each case by Corporate Partner Peter Sugden. Commenting on the investment, Peter Sugden said: "It was, as ever, a real pleasure to support Mobeus on their latest investment into EdTech business MyTutor. It is great to see that, notwithstanding current macro-economic conditions, the appetite for investors to support UK-based tech companies with strong growth prospects hasn't abated."
RPC's Corporate team advises on the full spectrum of corporate work, including domestic and cross-border public and private M&A, investments (including private equity and venture capital) and complex governance and restructuring transactions. The Corporate team has been involved in a number of recent technology transactions, including advising UK-based fintech Ebury on the sale of a majority stake to Banco Santander for £350 million.
The firm also works with a number of leading and innovative technology firms, from global brands to start-ups, advising them throughout the business life cycle. This includes providing advice on corporate transactions, commercial contracts, regulatory, tech-related insurance issues, technology procurement contracts and large tech disputes. Our clients are major businesses including in the digital media, technology and communications supply, retail, insurance, financial services and healthcare sector.