The French company LiveMentor, which provides coaching, tutoring, and mentoring services, initially specialized in online school programs but later shifted its target market from schools to entrepreneurs and startups. The platform provides a personalized pedagogy to encourage the development of entrepreneurial skills, including one-on-one support, educational materials made available through the LiveMentor app, and an active community for business owners, independent contractors, craftsmen, and recent graduates. The LiveMentor app is a platform that combines educational tools; its primary offering is its course library, which is made up of a comprehensive selection of video courses that offer step-by-step instructions from vetted experts on the application of best practices. As of December 2022, the platform served 14,000 users and had 100 mentors.
The company also provides business owners with financing options depending on their profiles, including one specifically designed for training initiatives. The business stated in 2021 that 95% of trainees at LiveMentor benefited from financing options.
The platform set itself apart from its competitors by personalizing the mentoring experience for business owners by pairing them with mentors who are all former entrepreneurs, freelancers, or trainers and who have all undergone several weeks of LiveMentor Method training. The company also claimed to be the first training facility with a 98% satisfaction rating on Trustpilot, an online review community.
Funding and financials
In October 2021, the company raised EUR 11 million (~USD 11.6 million) in a funding round from Ring Capital, Impact Partners, ISAI, and Educapital. It planned to use the funds to expand its operations and reach in France and internationally.
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