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TutorVista , the leading online tutoring and test preparation
provider, recently announced the closing of a $10.75 million
round of series B funding led by Lightspeed Venture Partners.
Lightspeed contributed $7 million to the round while Sequoia
Capital India and Silicon Valley Bank contributed an additional
$3.75 million. TutorVista will use this new funding to expand
all services and operations across the globe.
“TutorVista is building the next big internet education
company,” said Ravi Mhatre, general partner, Lightspeed Venture
Partners. “Lightspeed's investment will enable TutorVista to
continue its rapid growth in U.S., U.K. and other countries. We
are looking forward to working with the company to meet the
educational needs of thousands of students around the world.”
“This new round of funding speaks to the innumerable benefits
our online tutoring and test-prep services are providing
students across the U.S. and around the world,” explained
TutorVista founder and chairman Krishnan Ganesh. “Not only have
we seen tremendous growth over the past year, but we have noted
overwhelming support for our efforts to provide a low cost, high
effective solution to many of the problems facing the American
education system. This funding will expand our operations to
answer the growing demand for online tutoring and test prep.”
Launched in 2005, TutorVista’s personalized, one-on-one online
tutoring and test-preparation services are currently available
in the United States and United Kingdom for K-12, college and
graduate level students in many subjects and exams.
TutorVista’s programs are customized to ensure more time is
spent targeting students’ problem areas and enrichment interests
to maximize learning, grades and test scores with the available
time. Online sessions begin with a diagnostic assessment to
identify student strengths and weaknesses, followed by
individualized learning strategies. Virtual classrooms are
equipped with voice and chat (IM) messaging as well as an
electronic whiteboard for interactive use by both student and
tutor. Unlike most classroom-style tutor and test prep,
TutorVista’s one-on-one approach guarantees a high level of
individualized attention at a fraction of the cost of most
leading test preparation and tutoring companies.
TutorVista is an online tutoring company that provides
affordable tutoring and test preparation in the United States
and United Kingdom. TutorVista uses technology to bring
high-quality tutoring to the student’s home and highly qualified
tutors to make tutoring both affordable and convenient.
TutorVista is the solution to problems like declining test
scores, a shortage of teachers, and the lack of affordable and
effective supplementary education and test preparation.
For more information, please visit:
www.TutorVista.com |