Munich, 15.12.2022 – The online tutoring provider Easy Tutor has received EUR 4.8 million in fresh capital from Bayern Kapital, the venture capital company of LfA Förderbank Bayern, and the Munich-based family office K+K1 around Timify founder Andreas Knürr. Easy Tutor was again advised by Luther Rechtsanwaltgesellschaft. The law firm had already advised Easy Tutor in previous financing rounds in 2020 and 2021.
With their investment, the investors not only express their confidence in the technology developed by Easy Tutor, but also participate in a market that, according to market analyses, is more resilient than others, not least due to its social relevance.
EdTech will use the fresh money to further develop its own digital platform and drive growth – in German-speaking countries as well as in immediate foreign countries from mid-2023. Accordingly, Easy-Tutor is investing in further relevant partnerships, such as cooperations with schools and associations.
About Easy Tutor:
Easy-Tutor GmbH is an online tutoring provider with a strong customer focus. Parents and students are offered a digital platform where quality, transparency and user-friendliness ensure a high level of satisfaction. The Easy-Tutor technology behind it matches students with suitable tutors and provides effective booking and time management for the digital implementation of the lessons. EdTech works with around 200 partner schools and sports clubs, such as FC Bayern München, and cooperates with well-known companies such as Müller Handels GmbH & Co. KG. More information: www.easy-tutor.eu
About Bayern Kapital:
Bayern Kapital GmbH, based in Landshut, is a wholly owned subsidiary of LfA Förderbank Bayern. As the venture capital company of the Free State of Bavaria, it provides equity capital to the founders of innovative technology companies. Bayern Kapital currently manages twelve investment funds with an investment volume of around EUR 500 million. More information: www.bayernkapital.de
For Easy Tutor:
Luther's team was led by venture capital expert Philipp Glock, who regularly advises start-ups and venture capital investors in the EdTech sector.
Luther, Tax Law: Ulrich Siegemund (Partner)