Fueled by $57 million in venture capital investment, Varsity Tutors has moved into expanded office space in Clayton and is planning to add 150 jobs over the next two years.
The company, an online service which connects students with tutors, had a “strong desire to remain in St. Louis and support the startup ecosystem,” said Chris Swenson, a Varsity Tutors vice president.
If the company adds all the expected jobs, the state of Missouri will provide $1.31 million in incentives through its “Missouri Works” program.
Varsity Tutors was created by Clayton High School graduate Chuck Cohn while he was studying entrepreneurship at Washington University in 2007. It now connects 50,000 students with 20,000 tutors.
Read more: St. Louis Post-Dispatch