Chuck Cohn, BSBA ’08, founder and CEO of Varsity Tutors, started his company when he was a junior at Olin. The personal tutoring company has grown as an online platform nationally since 2007, and has announced its first foray into the global marketplace with the acquisition of First Tutors, the largest tutoring marketplace in Europe. Read more in the Varsity Tutors News Release, Sept. 28, 2017:
Varsity Tutors, the leading live learning platform for private instructors in the United States, announced today its acquisition of UK-based First Tutors, the largest tutoring marketplace in Europe. The new partnership will enable learners in the UK and internationally to take advantage of Varsity Tutors’ market-leading technology infrastructure, which includes on-demand online and mobile instruction. This acquisition, effective immediately, marks Varsity Tutors’ first entrance into the international market, and reinforces the company’s commitment to providing access to expertise in any subject, anywhere, at any time.
Varsity Tutors connects students to over 30,000 experts for online, mobile, and instant instruction via its award-winning digital platform, as well as to in-person experts nationally. Named the 15th most innovative company in America by Entrepreneur, Varsity Tutors has delivered more than two million hours of live instruction in more than 1,000 subjects on its platform. Online and instant tutoring now account for the majority of its business with a product satisfaction rating of 4.85/5.00.
Since inception, both Varsity Tutors and First Tutors have focused on building robust platforms for students and adult learners to seamlessly connect with experts and receive the instruction they need to achieve academic and personal goals.
“Expanding our platform globally has always been a priority for us. This partnership is a strategic move as we enter Europe by teaming up with the largest tutoring platform in the market,” said Chuck Cohn, founder and CEO of Varsity Tutors. “With First Tutors, we continue to expand our reach and scale our technology so more students can connect with expert instructors.”
First Tutors hosts 150,000 highly vetted experts on its platform, and has made more than 220,000 matches since inception. The website allows anyone to search for, browse and contact tutors. Once a tutor has accepted an offer from a student, First Tutors charges a one-time £4.99-24.99 introduction fee.
With the acquisition, Varsity Tutors plans to operate First Tutors under its current business model for the near term.
“First Tutors is excited to bring premier on-demand online instruction to Europe and beyond. The reality of students being able to use their smartphone to instantly connect with an expert across the world was compelling to our team,” said Anita Lee, co-founder of First Tutors. “With Varsity Tutors, we will be able to accelerate our efforts to connect students with tutors regardless of location or subject.”
About Varsity Tutors
Varsity Tutors is a live learning platform that connects students and professionals with personalized instruction to achieve any goal. To date, students have accessed more than two million hours of live instruction on the platform. Experts are available to meet in person or through the Company’s award-winning online and mobile platforms, which currently support the majority of all sessions. Varsity Tutors was founded in 2007 at Washington University in St. Louis.
About First Tutors
First Tutors is a global tutoring marketplace that helps families find experts in hundreds of subjects from academic courses, music and languages, to dance, business and computer programming. The online platform ranks 150,000 highly-credentialed tutors based on user feedback and specialist requirements. Founded in 2005, the company is dedicated to allowing students the widest range of choice possible for expert instruction.