Lithuanian EdTech startup Memby raises $1M, launches in Greece and Poland
Summary
The pre-seed round is joined by Brighteye Ventures and the MJJ Foundation, as well as angel investors Justas Janauskas (co-founder of Vinted, Lithuania’s first unicorn) and Martynas Gudonavičius (co-founder and CEO of the mobility platform Trafi), it said. By using tools that continuously test the class participants’ understanding and actively track student engagement, tutors can easily improve their delivery based on the feedback they receive from their groups. “The problem with most tutoring experiences is the cramming and mechanical memorisation approach, which might help a pupil raise their marks, but only in the short term. Memby’s first targets for expansion are Greece and Poland, two markets with a very high demand for extracurricular tutoring. Memby is currently shoring up its faculty of all-star tutors in both countries and hopes to be fully operational in time for the upcoming school year.