MBM Commercial recently advised Sophia Technologies Limited (Sophia) on their recent investment round of c.£580k. The deal funding was raised through the Seedrs crowdfunding platform and from private UK & US investors.
Launched in 2019 by Melissa McBride, Sophia provides educational support for children through tutoring offered online via their app. The app allows parents the ability to find qualified, fully-vetted tutors who match their child’s needs quickly and easily. In addition to private one-on-one tutoring, Sophia offers small group lessons and camps for group learning and recently launched a fully functioning online school “Sophia High”. The funding will be used on technical development in order to meet the increase in demand and customer acquisition and retention.
"MBM Commercial provided a very simple and straightforward solution to what could have been a daunting experience as our first external capital raise," noted Melissa McBride. "We look forward to working with them on future rounds as we grow the business in what is an exciting time for EdTech."
Leading the deal for MBM Commercial were Alexander Lamley ,Director, and Cameron Jones, Associate. “It was a pleasure working with the team at Sophia and on such an innovative solution for the private tuition market. MBM is excited to watch Sophia grow further in the UK tuition marketplace and beyond” – Alexander Lamley, MBM.