oktopi Edutech Ltd, owner of the oktopi workspace solution for education has announced the acquisition of TutorHouse, a UK- based tutoring platform. The move accelerates oktopi’s presence and operations in Europe and MENA, and positively contributes to the advancement of digital Learning and Education.
The number of Exits recorded by Emerging Venture Markets-based startups has seen an all-time high this year recording a YoY growth of 11% compared to last year with Q4 still to go. While we have seen international players entering the regional space by acquiring their counterparts including USA’s Astute Imaging and Novajax acquiring Egypt’s Dileny Tech and Jordan’s Jobedu. A notable trend this year has been regional startups expanding to international markets as seen in this Exit round. Earlier this year, Dubai-based LetsWork acquired Portugal’s Krow, and Swvl acquired Germany’s door2door and Turkey’s Volt Lines.
oktopi was launched in 2021 as a learning management platform bringing educators and learners together to create personalized learning experiences in a collaborative space. Tutor House, founded in 2012, offers private tutoring, primarily online, connecting students with one-to-one tutors at affordable rates. “This acquisition is a natural fit to our vision of empowering educators and learners anytime, anywhere.” Emilie Thomas, Co-founder of oktopi shared. “We are now able to provide learning and teaching communities with the best end-to-end, flexible and intelligent workspace solution for education, with management and growth assistance tools. Giving educators and institutions the flexibility to build their own journeys, being offline, online, or hybrid in a fast-changing world, will help them being relevant and fully equipped to succeed in their digital transformation. On the student side, it is all about impact and access to educators they can relate to and trust, while being mobile and tech relevant. oktopi will now help learners find dedicated educators who have the right tools to help them in their learning objectives, all in a ‘school in your pocket’ solution. This will also give many families and communities the flexibility to design their own co-learning spaces or pods, in a world where location, financial and time freedom are more and more important.”
Through this acquisition, oktopi will gain access to the services of a strong cohort of tutors. They will be benefiting from the workspace’s innovative and cutting-edge technologies, to better expand their businesses and grow their reach and visibility, while focusing on making an impact on their students. “We are thrilled to join oktopi!” states Alex Dyer, Founder and CEO of Tutor House and future Head of Tutorspace at oktopi. He adds that “Our team is passionate about innovative education and tutoring, and we are ready to embark in oktopi’s mission, with a shared vision of making a real difference for passionate educators and a new generation of highly connected students.”