These days there is a wide variety of ways people can learn new things outside of schools and universities. The internet is slowly changing the way people learn, and online platforms are becoming one of the best alternatives to traditional courses and learning schools.
Platforms such as Udemy or Lynda.com have become global leaders in the space, with $48 and $103 million in funding, respectively, but the Spanish market is still up for grabs. Madrid-based Tutellus wants to seize the market and in order to do that it has closed €800,000 ($1 million) round led by SeedSyndicates and a wide variety of business angels, such as Mariano Olmeda (Santander), Gonzalo Ruiz (Civeta), Albert Serrano (Privalia), César Tanarro (Amazon) or Hubert Walentynowicz (XTB).
Founded in 2012 by Miguel Caballero and Javier Ortiz, Tutellus hosts online courses from teachers, universities and any kind of author that wants to share their knowledge on the site. According to the company more than 100,000 students and 500 teachers have used the platform to date, which has been growing at a 30% monthly rate. Tutellus keeps a 30% commission on each transaction. Revenue numbers have not been disclosed.
This deal is also interesting because of the firm leading the round, SeedSyndicates, which has kept a low profile in recent times. The firm describes itself as an “investment platform led by executives from the banking, education and internet industry” and it has previously backed companies such as Softonic, ivoox or Solostocks.