Varsity tutors raises $57 million

Varsity Tutors, a startup founded by Chuck Cohn in 2007 in a WashU undergraduate class, has secured $57 million in funding. Investors include Technology Crossover Ventures (TCV), Maroon 5 frontman Adam Levine, and education executive Stuart Udell.

According to the St. Louis Business Journal, “As part of the deal, TCV General Partner Woody Marshall and former Expedia, Hotwire and CEO Erik Blachford have joined Varsity Tutors’ board of directors”.

 So far, Varsity Tutors has created a “learning ecosystem” of more than 100,000 free practice questions, answers and explanation sets across more than 150 subjects and standardized tests. The company is in more than 20 cities and has connected nearly 50,000 students to more than 15,000 instructors.

 Read more at the St. Louis Business Journal

 Read more at the Financial News

 Learn more about Varsity Tutors