Housatonic Partners Announces Strategic Growth Investment in Brainfuse
San Francisco, CA, and New York, NY – December 12, 2022 – Housatonic Partners, a growth-oriented private equity firm focused on investing in market-leading services and technology companies, is pleased to announce a strategic growth investment in Brainfuse, a leading provider of online tutoring services, career counseling, and veterans’ assistance programs to public libraries, higher education institutions, and K-12 school districts.
Founded in 2001 and headquartered in New York City, Brainfuse connects library patrons, students, job seekers, and veterans with qualified live experts via the company’s proprietary online learning platform, facilitating over one million sessions annually at no additional charge to end users. The company’s core offerings include:
- HelpNow: 24/7 on-demand homework assistance with live tutor coverage and writing lab support across thousands of subject matter areas, in addition to numerous practice tests, assessments, video lessons, flash cards, and other study tools
- JobNow: live career coaching, resume lab, interview tips, and career search resources
- VetNow: live navigators and expert online resources to help veterans and their families identify and apply to local, state, and federal veterans’ assistance programs
- BOOST: High-dosage, targeted online tutoring program with student-specific learning plans focused on K-12 school districts
“The need for additional educational support for students has never been greater,” said Brainfuse co-founder, Alex Sztuden. "We’re excited to work with the Housatonic team to continue to enhance the Brainfuse platform and help students achieve their full potential.”
“Brainfuse helps level the playing field, enabling students of any socioeconomic status to gain access to high quality live tutoring support. We are proud to partner with the team at Brainfuse and look forward to supporting the company in the coming years,” added Housatonic Partners Managing Director Mark Hilderbrand, who has joined the company’s Board of Directors.
Financial terms of the partnership were not disclosed.
About Brainfuse
Brainfuse is the leading provider of online live educational services to public library systems, higher education institutions, and K-12 school districts in North America. For over 20 years, Brainfuse has connected high quality live experts with millions of library patrons, students, and job seekers via the company’s proprietary online learning platform. For more information, please visit www.brainfuse.com.
Housatonic Partners
Housatonic Partners, founded in 1994, is a private equity investment firm with more than $1.5 billion in capital under management. The firm invests in growing, profitable businesses with highly recurring revenue. Housatonic Partners has backed exceptional management teams in more than 100 small to mid-sized companies over the last 28 years. For more information, please visit www.housatonicpartners.com.