© Ubimaster

Ubimaster receives 2.5 million euros in financing

The Munich-based edtech startup Ubimaster offers students and trainees unlimited access to certified tutors. Now, the American VC Owl Ventures, as lead investor, is investing €2.5 million in the young company, along with Auxxo Invest and business angels Ina Schlie and Stephanie Bschorr of Encourageventures.

Ubimaster's tutoring platform serves the needs of students and trainees in a tailor-made and fixed-price manner. This means that users can directly connected with a qualified tutor instead of just accessing learning plans and explanatory videos. According to the startup, it takes a maximum of two minutes for the right contact person to respond – seven days a week.

Ubimaster offers its products to both parents and companies. The latter can integrate the service into their employee benefit programs, thus supporting all employees' children, regardless of their parents' income. Since its founding in 2019, Ubimaster claims to have provided more than 10,000 students with access to a better education, with approximately 75 percent improving their grades thanks to the Munich-based company. The quality of the support and learning content is ensured by a multi-stage selection process for tutors.

"Since our founding in 2019, Ubimaster has made tremendous progress. I'm delighted that with this funding, we can now focus on further expanding our team and developing the platform, helping even more students and trainees, relieving the burden on parents, and offering companies an attractive package for their employees."

says the Ubimaster founder Jana Krotsch.

"I'm driven by the desire to make education fair and easily accessible for all children, regardless of their social background, for example, in collaboration with employers. With Ubimaster, we've developed a unique solution that makes this vision a reality. Children are the pillars of our future and deserve equal opportunities to learn and develop their individual skills – I'm convinced this is the key to the long-term success of our society."

“Ubimaster enables and democratizes access to learning”

Jenny Wang, Principal at Owl Ventures:

"Ubimaster empowers and democratizes access to learning outside the classroom with its seamless on-demand tutoring platform, giving learners one-click access to high-quality tutors. We were absolutely captivated by the company's mission, and we are incredibly impressed by the passion and dedication of Jana and the founding team. We look forward to supporting them in their continued growth and expansion into new markets."

Bettine Schmitz from Auxxo Invest adds:

"We encourage founders like Jana to take the next steps, think big, and support them with capital, know-how, and contacts. If, as in the case of Ubimaster, we can also add social value and improve opportunities for equal education, then that's a win-win situation for everyone."

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