Overview

Varsity Tutors offers personalized online education solutions for students of all ages, from elementary school to adults seeking professional certifications. Their membership model provides access to one-on-one tutoring, live group classes, and on-demand lessons, supported by a network of over 40,000 vetted tutors. The platform stands out by offering instruction in more than 3,000 subjects, including coding and language learning, all tailored to individual needs. The goal of Varsity Tutors is to provide a comprehensive and flexible learning experience for lifelong learners.

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Simplify's Take

What believers are saying

• Partnerships with school districts expand Varsity Tutors' reach and user base.
• The rise of hybrid learning models supports Varsity Tutors' online education platform.
• Increased demand for lifelong learning boosts Varsity Tutors' professional certification offerings.

What critics are saying

• Emerging competitors offer similar services at lower prices, threatening market share.
• Schools developing in-house tutoring programs may reduce demand for Varsity Tutors.
• Economic downturns could lead to reduced spending on external tutoring services.

What makes Varsity Tutors unique

• Varsity Tutors offers over 3,000 subjects, including unique topics like paleontology.
• The platform provides 24/7 live chat tutoring, enhancing accessibility for students.
• Varsity Tutors integrates AI for personalized learning, tailoring experiences to individual needs.

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Funding

Total Funding

$107M

Meets

Industry Average

Funded Over

3 Rounds

$50,000,000

Series C

Feb 2018

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Meet Average

Industry standards

Ind Avg. $50M

$16M

$40M

$50M

$50M

$62M

$100M

View all funding stages