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Mentorloop
Making mentoring mainstream
- 1-20 employees
- B2C
- Marketplace
- Education
- HR
- Communication
- SaaS
- East End, Melbourne, VIC
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Company mission
We believe the right connection can change your life. At Mentorloop, we're making quality mentoring more accessible - we're driven to deliver the benefits of mentoring to anyone who seeks them. We realised early that if we wanted to properly execute on this idea, we couldn't just rely on having a good purpose - we needed to find a way to build a profitable, sustainable business too. That's why we're proud to be a certified B Corporation, building a business that's a force for good in the world.
Our take
Mentorloop was started to make great mentoring relationships more accessible, effective, and available at scale. Its cloud-based software platform helps remove the admin burden organisations face when coordinating a mentoring program.
Mentorloop's platform does this with instant onboarding, smart matching, automated content tracks, real-time reporting, and live communication channels, all while ensuring a more engaging and productive experience for mentors and mentees alike. This makes mentoring engaging and effortless for universities, NFPs, corporates, and governments.
The Mentorloop mentoring flywheel ensures that your mentoring program keeps on improving with time as you add more participants, creating a culture of ‘always-on’ mentoring. The program is based on the foundations of Match, Momentum, and Measure. It supports mentees through milestones, gradually turning them into mentors as they progress.
Effective mentoring boosts retention rates 69% for mentors and 72% for mentees in mentoring programs, and boosts managerial productivity by 88%. As a team of mentoring evangelists, Mentorloop is committed to bringing the humanity back into organisations and human relationships.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Employee stock ownership plan
- Mentorship program and a dedicated Learning and Development budget
- Work from home opportunities
- A day off on your birthday!
- 20 hrs paid community volunteer leave
- Be part of a proud B Corp
Company values
- Greater Than the Sum of Our Parts
- Done, Then Fun
- Masters of Our Own Destiny
Funding (last 2 of 3 rounds)
Dec 2020
$0.2m
GRANT
Nov 2017
$0.8m
SEED
Total funding: $1.3m
Leadership
Lucy Lloyd
(CEO)Lucy worked as a Project Manager at Evolution 7 and Digital Director at Noisy Beast before co-founding Mentorloop in 2014. Since 2016, she has served as CEO.
Heidi Holmes
(COO)Cofounder of Mentorloop, a software platform designed to help organisations run more effective mentoring programs for better engagement, retention and productivity.