TutorPlus

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TutorPlus - overview

Location

-, -, Switzerland

Primary Industry

Education/Training

About

TutorPlus is an educational company that provides personalized tutoring and academic support services tailored to the unique needs of students in the southeastern Michigan area. TutorPlus specializes in individualized educational assistance, focusing on one-on-one and small group tutoring services. The company was acquired by ASC International House, a portfolio company of Argos Soditic, in September 2013. Founded by Ishana Seward and James Mulholland, TutorPlus operates from its headquarters in Switzerland.


TutorPlus Inc. specializes in providing customized educational support through one-on-one and small group tutoring services tailored to meet the individual needs of students in the southeastern Michigan metropolitan area. Their core offerings include Unlimited Homework Support, personalized tutoring solutions, and a 24/7 On-Demand App that connects students with qualified tutors at any time. This adaptability allows TutorPlus to address the diverse challenges faced by students from elementary through university-level studies, including those needing support for homeschooling, online programs, or IEP advocacy.


The company serves a wide customer base that includes students, parents, and educational institutions, focusing on creating engaging learning experiences to facilitate academic success. TutorPlus’s services are designed to align with the specific requirements of their clients, ensuring that each student's unique learning style is accommodated. Revenue generation for TutorPlus Inc. is derived primarily from individualized tutoring sessions, which are structured as direct-to-consumer transactions.


Clients can select from various service packages that may include options for on-demand homework support or more extensive personalized tutoring plans. These packages are priced to be accessible, accommodating families with different financial circumstances. The company fosters a relationship-centric approach, ensuring parents are regularly informed about their child's progress, which enhances customer retention and satisfaction. By providing flexible scheduling and tailored academic solutions, TutorPlus aims to cultivate long-term engagement with its clientele, solidifying its position as a preferred educational resource in the region.


Following its acquisition in September 2013, TutorPlus plans to enhance its educational offerings and expand into new geographic regions beyond southeastern Michigan. The company is focused on developing additional products aimed at improving the tutoring experience and increasing accessibility to educational resources. The recent funding is expected to support these development initiatives and the expansion strategy, although specific timelines and details about new product launches have yet to be disclosed.


Current Investors

ASC International House

Primary Industry

Education/Training

Sub Industries

Education & Training Services

Website

www.tutorplus.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

TutorPlus - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
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