During February 2023, Mercury Capital Fund Twenty2 completed the investment in Matrix Education, a private education business that provides out-of-school tutoring classes to school aged students across Sydney, Australia.
Founded in 1999, Matrix is a private education business that provides out-of-school tutoring classes to more than 7,000 students per year both in-person, with five campuses located across Sydney, as well as online via an online learning platform. Matrix’s core offering is term-by-term enrolments in classes of 10-15 students, in which students are taught content aligned to the academic curriculum a term ahead of when they would typically cover it at school.
In partnership with Mercury Capital, Matrix is expected to enter a new period of growth involving new campuses, geographic expansion, establishment of tutoring programs for primary school students, and enhanced online offerings.
