Tutoring and Homework Help

Growing Family of Tier 1 Investors Recognize TutorGroup’s Leadership in the Online Education Market Proceeds to Accelerate TutorGroup’s Rapid International Expansion and Enable Continued Enhancement of Platform for Continued Leadership in Online Education Market

ST. LOUIS, Nov. 10, 2015 /PRNewswire/ — Varsity Tutors, the leading live learning platform for private instructors in the United States, announced today it closed $50 million in Series B funding from Technology Crossover Ventures (TCV), musician and TV personality Adam Levine and education executive Stuart Udell, among others. As part of the terms of investment, Woody Marshall (TCV General Partner) and Erik Blachford (former CEO of Expedia, Hotwire and Hotels.com) joined Varsity Tutors’ Board of Directors. The new round of funding follows a previously unannounced $7 million in Series A funding from Answers Corporation executives David Karandish and Chris Sims that first closed in May 2014.

School district administrators are prioritizing tutoring to ensure that all students receive the academic support they need to succeed.