Pyro Equity Successfully Exits With EZtutor

Pyro Equity Successfully Exits With EZtutor

Jun. 13, 2018

Pyro Equity has announced that an agreement has been reached between the young business development firm and a group of local investors in the Dallas area for the sale of EZtutor. This marks the first successful exit for the up and coming business development firm with the sale of the technology-based tutoring platform that looks to connect local students in a peer-to-peer learning environment.

The platform had been launched by Pyro Equity co-founder Justin Rath in the Dallas area in early 2016. Shortly after the launch of EZtutor, Rath had conjoined forces with Matthew Iommi to launch Pyro Equity and the learning platform quickly scaled to the entire Dallas/Fort Worth metroplex as it began to become the go-to tutoring environment for students and parents alike. The platform had amassed over 5000 customers in its first 18 months with a network of over 1000 tutors. Limited resources to build out the technology and a lack of capital to scale forced Pyro Equity to sell EZtutor at a stage earlier than had hoped. The firm came to an agreement with a group of Dallas investors for a deal that was reported to have acquired 100% of the company.

Pyro Equity will now look to use the capital to begin investing in other various technology-based companies as well as build new unicorns of its own.