Educational Software - Thursday, May 10, 2007
Intel Goes .edu - Invests in Tutor.com
Yesterday, we covered a deal with Care.com, which provides listings for tutors, among other services. Tutor.com has been doing this much longer - since 1998 - and as a result has a fare more refined game. Whereas Care.com just provides listings, Tutor.com comes is part of the curriculum.
Tutor.com runs a remote network of over 1,300 screened, trained, professional tutors living in the U.S. and Canada and they claim over 2M on demand tutoring sessions delivered to date. Without needing to schedule an appointment, about 80k enrolled students can connect to the appropriate tutor for their question. Tutor.com on demand services are available in math, science, social studies and English for 4th - 12th graders. They also have deals with over 1600 libraries which offer their Homework Help program to all students with a library card. I
The startup just closed a $13.5M round led by Intel Capital. Previous investors included Dawntreader Ventures, Ascend Venture Group, Kidron Opportunity Fund. Tutor.com also secured $4M in venture debt financing from MMV Financial.
Tutor.com competes with India-based TutorVista, which offers a very affordable tutor package at $100 p/mo. nterestingly, NYC-based Platform Learning, which ran a tutoring service, burned through $20M in VC before declaring bankruptcy.
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