EverFi Inc., a D.C based education technology company popular as the software leader in critical skills and learning has announced $40 million in new venture funding. The round was led by Amazon founder and CEO Jeff Bezos’s Bezos Expeditions, Alphabet Executive Chairman Eric Schmidt’s Tomorrow Ventures, and Rethink Education. The new investment partners join the groups of other investors, including Allen and Company and Warhorse.
EverFi, founded in 2008, is a digital learning platform that offers products for all levels of education. The company runs on a Software-as-a-Service (SaaS) subscription model, and with the raised $40 million funds, it can focus on a suite of products, especially in the areas like corporate learning and training.
“EverFi has created one of the most powerful and innovative models in the education space,” said EverFi Founder and CEO Tom Davidson. “Our goal is to be the learning engine of every major corporation, university, and school district around these critical topic areas.”
EverFi pulled the funding soon after the acquisition of LawRoom and subsidiary CampusClarity, giving higher education customer count to 1300 institutions and adding over 1500 enterprise compliance customers.
The company has now certified over 14 million learners in different critical skill areas. The company mainly focuses on areas like financial education, digital citizenship, diversity, entrepreneurship, and more.