More Big Bucks for Tutoring Companies: Varsity Tutors Raises $50M in Series C Funding

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One market analyst projects the global market for private tutoring will hit $227 billion by 2022. In the heartland of America, one company is raising big bucks in a bid to capture this lucrative market. Louis-based company’s $50 million Series B round, which closed in November 2015. Already boasting 4,000 tutors covering 1,000 subjects, the company is on the hunt for more teachers. Lauren Heymann, who tutors online through the company, gets paid $15 per hour.