About Varsity Tutors
Varsity Tutors is a company based in St. Louis (United States) founded in 2007.. Varsity Tutors has raised $107 million across 3 funding rounds from investors including The Chan Zuckerberg Initiative, Learn Capital and TCV. Varsity Tutors has completed 2 acquisitions, including First Tutors and Veritas Prep. Varsity Tutors offers products and services including Online Tutoring, Test Prep, and Academic Enrichment. Varsity Tutors operates in a competitive market with competitors including Vedantu, GoStudent, Ruangguru, Filo and Noon, among others.
- Headquarter St. Louis, United States
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Sectors
Education
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Email
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Phone
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Website
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Social
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- Legal Name Varsity Tutors, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$107 M (USD)
in 3 rounds
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Latest Funding Round
$50 M (USD), Series C
Feb 14, 2018
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Investors
The Chan Zuckerberg Initiative
& 6 more
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Employee Count
Employee Count
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Investments & Acquisitions
First Tutors
& 1 more
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Products & Services of Varsity Tutors
Varsity Tutors offers a comprehensive portfolio of products and services, including Online Tutoring, Test Prep, and Academic Enrichment. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for one-on-one subject tutoring and learning support.
Tools and sessions for standardized tests like SAT and ACT.
Programs for subjects including languages and math enhancement.
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Funding Insights of Varsity Tutors
Varsity Tutors has successfully raised a total of $107M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $50 million completed in February 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $50.0M
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First Round
First Round
(01 May 2014)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2018 | Amount | Series C - Varsity Tutors | Valuation | Learn Capital | |
| Nov, 2015 | Amount | Series B - Varsity Tutors | Valuation | TCV , Adam Levine | |
| May, 2014 | Amount | Series A - Varsity Tutors | Valuation | Chris Sims , David Karandish |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Varsity Tutors
Varsity Tutors has secured backing from 7 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include The Chan Zuckerberg Initiative, Learn Capital and TCV. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital is invested in global technology companies by TCV.
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Founded Year | Domain | Location | |
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Learn Capital is engaged in backing ventures that enhance human learning potential.
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Founded Year | Domain | Location | |
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Foundation engaged in the areas of science, education, and justice
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Varsity Tutors
Varsity Tutors has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include First Tutors and Veritas Prep. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
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Provider of online platform to search and book private tutors
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2005 | ||||
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Test preparation and admissions consulting services are provided to students.
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Varsity Tutors
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Varsity Tutors Comparisons
Competitors of Varsity Tutors
Varsity Tutors operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vedantu, GoStudent, Ruangguru, Filo and Noon, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Live interactive K-12 tutoring platform is provided online.
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| domain | founded_year | HQ Location |
Provider of online tutoring platform for K-12 students
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| domain | founded_year | HQ Location |
Self-learning solutions are delivered via an online education platform.
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| domain | founded_year | HQ Location |
On-demand one-to-one tutoring is connected between students and tutors.
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| domain | founded_year | HQ Location |
A social learning platform is provided for students worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Varsity Tutors
Frequently Asked Questions about Varsity Tutors
When was Varsity Tutors founded?
Varsity Tutors was founded in 2007 and raised its 1st funding round 7 years after it was founded.
Where is Varsity Tutors located?
Varsity Tutors is headquartered in St. Louis, United States. It is registered at St. Louis, Missouri, United States.
Is Varsity Tutors a funded company?
Varsity Tutors is a funded company, having raised a total of $107M across 3 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on May 01, 2014.
What does Varsity Tutors do?
Provider of live online tutoring and test prep platform. Its offerings include one-on-one and small-group live tutoring sessions in K12 academic subjects, college-level coursework, languages, test preparation and enrichment modules. It also provides instant homework help via chat, self-paced classes, live group courses, essay review support, and small grouplarge group learning eventsused by individual learners as well as integrated school programs. The platform uses a proprietary AI-powered matching system to pair each learner with optimal tutors, plus a virtual classroom environment offering two-way audiovideo, collaborative whiteboards, document editing, and session recording.
Who are the top competitors of Varsity Tutors?
What products or services does Varsity Tutors offer?
Varsity Tutors offers Online Tutoring, Test Prep, and Academic Enrichment.
How many acquisitions has Varsity Tutors made?
Varsity Tutors has made 2 acquisitions, including First Tutors, and Veritas Prep.
Who are Varsity Tutors's investors?
Varsity Tutors has 7 investors. Key investors include The Chan Zuckerberg Initiative, Learn Capital, TCV, Adam Levine, and Stuart Udell.