Vygo, a Brisbane, Australia-based peer-to-peer university tutoring platform, secured $500k in pre-seed funding.
Backers included:
– Larsen Ventures,
– River City Labs Accelerator,
– Telstra’s startup accelerator muru-D,
– Carl Hartmann,
– Mark Livings, as well as
– a $100k grant from the Queensland Government’s Ignite Ideas fund.
The company intends to use the funds to accelerate national expansion and further product development.
Co-founded in November 2015 by Ben Hallett, Joel Di Trapani and Steven Hastie, Vygo works as a mobile marketplace for university students to improve grades and confidence with access to affordable peer tutors or make money by assisting their peers. Vygo began with a 16 week pilot (during which one tutor made $4000) at the University of Queensland in 2016, and now over 5,000 students across Queensland and Victoria have downloaded the app to date.
The company is available to download from the Apple App store and Google Play store.
FinSMEs
04/09/2018