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DateInvestorsAmountRound

$21.5m

Series A
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N/A

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N/A

Acquisition
Total Funding€19.5m

Recent News about WyzAnt

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Wyzant.com is a leading online marketplace that connects students with private tutors across the United States. The platform serves a diverse clientele, including K-12 students, college students, adult learners, and professionals seeking to enhance their skills or prepare for exams. Wyzant operates in the education technology market, which has seen significant growth due to the increasing demand for personalized learning solutions.

The business model of Wyzant is straightforward yet effective. It acts as an intermediary between students and tutors, providing a platform where users can search for tutors based on their qualifications, hourly rates, and areas of expertise. The platform supports over 300 skills and subjects, ranging from academic subjects like math and science to test preparation and professional skills.

Wyzant makes money by taking a commission from the fees that tutors earn. Tutors set their own hourly rates, and Wyzant deducts a percentage of this fee as its service charge. This model ensures that tutors are incentivized to provide high-quality instruction while allowing Wyzant to maintain a steady revenue stream.

The platform offers flexibility and convenience, allowing students to schedule sessions at their convenience and choose between online or in-person tutoring. Online sessions are enhanced with features like a shared whiteboard, code editor, and clear audio and video, making remote learning as effective as face-to-face interactions.

Wyzant also guarantees satisfaction by offering to cover the first hour of the lesson if the student is not satisfied with their tutor. This customer-centric approach has helped the company build a strong reputation and a large community of professional tutors.

In summary, Wyzant.com is a robust platform that connects students with qualified tutors, offering flexible and personalized learning solutions. It operates on a commission-based business model, ensuring quality and satisfaction for both students and tutors.

Keywords: online tutoring, private tutors, personalized learning, education technology, flexible scheduling, commission-based, professional skills, test preparation, remote learning, customer satisfaction.

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Investments by WyzAnt

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tutorspree
ACQUISITION by WyzAnt Jan 2014