Cohn, (BSBA ’08, founded Varsity Tutors in 2007 while he was still a student at Washington University in St. Louis. The 600-employee company has more than 40,000 tutors and has provided more than 4-million hours of live one-on-one tutoring since its launch.
Veritas Prep launched in 2002 with a suite of test-prep courses. Over the years, Veritas expanded to include online live classes and admissions consulting. The acquisition of Veritas Prep will allow Varsity Tutors to expand into live online courses alongside its one-to-one tutoring offerings.
Varsity Tutors has raised $107 million from investors like Learn Capital, the Chan Zuckerberg Initiative and TCV. This is the company’s second acquisition: Varsity Tutors bought First Tutors in the UK in 2018, launching its international expansion.