Estonian edtech startup Mentornaut raises €200K
Ellex in Estonia advised online tutoring platform Mentornaut on their €200K investment round.
The investment round was led by the Estonian Business Angels Network (EstBAN). Mentornaut is aiming to increase inclusion in personalised education, and counts Superangel, United Angels VC and a list of EdTech advocates like Bolt co-founder Martin Villig, and Clanbeat co-founder Kadri Tuisk among its investors.
Founded in 2020 by Markus Meresma and Gregor Mändma, the edtech startup is developing an online learning platform to help bridge knowledge gaps and support students in achieving their maximum potential in school.
Mentornaut was developed during the Coronavirus pandemic, when lockdown restrictions brought 1.5 billion children around the world into remote learning. As distance and remote learning becomes more common globally, Mentornaut was established with the realisation that parents are becoming increasingly open to private tutoring to help their children overcome learning gaps.
Since its launch in Estonia, Mentornaut has seen 2,500 private lessons booked on its platform.
Ellex team who advised Mentornaut on the funding round included Antti Perli and Priit Pruks.