Memby, the Lithuania-based EdTech startup that brings affordable online tutorship to high schoolers, has closed a $1 million financing round led by Change Ventures. The funds will be used to further develop Memby’s platform and expand its services across Greece and Poland. 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).
By giving elite educators a digital platform that was purpose-built for student engagement, Memby aims to ignite a passion for learning in their students. The startup places a particular emphasis on finding tutors who are not only experts in their fields but can also chart measurable student engagement in their courses. The technology identifies and rewards the educators who are able to connect with students, and, thanks to their proprietary digital platform, Memby is able to aggregate and scale this impact on a national stage.