Varsity Tutors, a tutoring marketplace, raised a $50 million Series B from Technology Crossover Ventures and others. The funding will be used to improve the company’s live tutoring technology, its mobile applications, infrastructure and to accelerate its global expansion.
Founded in 2007 at Washington University in St. Louis, Varsity Tutors offers a library of more than 100,000 free practice sets covering 150+ subjects and standardized tests.
Marking the seventh deal in less than two years, tech education platform Pluralsight announced the acquisition of on-demand live mentoring platform HackHands for an undisclosed amount.
The Internet opened up huge opportunities for tech savvy tutors not that long ago. If you had a basic understanding of how to set up a website, a bit of SEO and online marketing knowledge, chances were high to grow a tutoring business from a local customer base into an international operation. Skype, tutoring platforms and marketplaces, YouTube and social media represent only a handful of the new tools tutors had at their disposal. Glory days.