Medly AI Raises €6.89M Seed Round for AI Exam-Prep Tutor, Reaching 400,000 UK Users

London-based AI learning platform Medly AI has raised a €6.89 million ($8 million) Seed round led by Felix Capital, with Eka Ventures, Ada Ventures and several angel investors participating. The company says it offers an AI tutor for exam preparation and has grown its UK user base by almost 600% to over 400,000 since launching in February 2025. The capital will fund UK growth, international expansion, and expansion of its evidence base and proprietary models.

This is a named-investor funding round of clear size in the AI exam-prep tutor category, and the company pairs it with user-scale figures, grade-improvement percentages and a randomised controlled trial, giving a checkable sample of whether AI tutors can scale in exam preparation. Two effects stand out: AI tutoring at a fraction of in-person private tutoring cost may shift how families choose between human tutors and AI tools; and the company's claim of a completed randomised controlled trial with over 1,000 UK students, if published, would be an important reference for evidence in this category. The grade and trial results are company-reported, and the original text provides no independent study or full methodology, so no conclusion about overall education quality can be drawn. AI exam-prep tutoring at a fraction of in-person private tutoring cost may change how families and students allocate exam-preparation spending. The company says it has completed a randomised controlled trial with over 1,000 UK students and published a first paper on marking performance; publication of the data would shape evidence standards for the category.