Ed-Tech Startup Tutored by Teachers Raises Over $10M

The ed-tech startup Tutored by Teachers has raised over $10 million in Series A funding, led by investment firm GSV Ventures, for hiring more teachers and providing academic support to more than 10,000 K-12 students this year, an announcement this week said.

According to a news release, Tutored by Teachers partners with schools to match “high-need, underserved" students with small-group virtual instruction from certified teachers. Over the past nine months, the company has provided academic support for students as schools worked to battle learning loss during COVID-19, with clients in Philadelphia, New York City, Los Angeles, Indianapolis and Charlotte.

"COVID has worsened outcomes for everyone. It has disrupted classrooms, made the important work of being a classroom teacher harder, and widened the opportunity gap for low-income and underrepresented students," the company's co-founder Shaan Akbar said in a public statement. "We are building small-group, virtual learning infrastructure into the school day to bolster K-12 education, and in the process, we are on the road to creating the largest public-private partnership this country has seen. We won't rest until students and teachers achieve their full potential."

The announcement said this round of funding came from NewSchools Venture Fund, former Charlotte-Mecklenburg Schools Superintendent Peter Gorman, and new investors TMV and A-Street Ventures, among others.

"We believe that K-12 students in the U.S. require high-dosage tutoring delivered with the highest learning efficacy at scale to recover from unprecedented learning loss," Deborah Quazzo, a managing partner of GSV Ventures, said in a public statement. "For us, TbT is an investment in a high 'return on education' organization — increasing access to the highest quality learning while giving leverage to learning leaders to counteract the generational learning losses that have occurred."