Tutorgroup
2F-1, No. 3, Sec. 1, Heping W. Rd., Taipei City, Taipei, 100028, Taiwan
Overview
TutorGroup provides synchronous online English and Chinese language courses via proprietary platforms such as TutorABC, VIPABC, TutorABC Jr., and TutorMing. The company runs millions of classes annually, has more than 4,500 teachers across 60 countries, and has hosted over 10 million classroom sessions. Its technology stack includes an adaptive learning engine, analytics drawn from more than 10 years of courses, over 16,000 hours of learning materials, a CRM, 24/7 support, and marketplace tools; it has also trialed TutorGlass with Google Glass. Founded in 2004 with offices throughout Asia and an R&D team in Silicon Valley, TutorGroup plans to expand internationally and broaden offerings beyond language learning into "Expert on Demand" adjacencies. Planned extensions include tutoring across school subjects, professional consulting services (legal, medical, wealth management), and leisure learning such as cooking and yoga. The company positions its platform and data-driven recommendations as a high barrier to entry for competitors. TutorGroup operates live, real-time language classes through products such as VIPABC and TutorABC for English learners in China, Hong Kong, and Taiwan, and TutorMing for Chinese learners. Its platform connects about 2,000 teachers across 30 countries and uses technology to automatically recommend class size, learning pace, and course content. Launched in 2004 with international headquarters in San Francisco, the company says it will use new funding to grow its business in Asia and expand in the Americas. TutorGroup reported strong expected demand in China, forecasting triple-digit annual sales growth in the coming years and citing a projected 25% annual market growth for adult English learning in China to more than $21 billion by 2015. The company has raised a total of $115 million to date. TutorGroup is an online live synchronous e-learning company specializing in English training across Asia and Mandarin instruction for global business professionals. It operates four service brands: VIPABC.com, TutorABC.com, TutorABCJr.com and TutorMing.com, covering multiple learner segments. Founded in 2004 and led by CEO Dr. Eric Yang, the company has delivered over 5 million classes in 14 countries. TutorGroup raised US$15 million in growth financing from Qiming Venture Partners. The company intends to use the capital to expand the delivery of its services throughout China. The funding is presented as growth-stage capital to support that expansion plan.
- Total raised
- $315M
- Funding rounds
- 3
- Latest round
- Series C
- Latest activity
- Nov 2015
Industries
- Education
- Internet
Recent funding
Series C
Nov 2015
$200M
Series B
Feb 2014
$100M
Equity
Apr 2012
$15M
Team
No current team members are available.