EverFi is a SaaS education-technology provider that delivers subscription-based digital coursework across topics such as financial literacy, sexual assault and harassment prevention, alcohol responsibility, social and emotional learning, STEM, and career readiness. Its platform can be white‑labeled for customers and powers more than 4,200 partner initiatives across all 50 states and Canada. EverFi reports having certified over 16 million learners through its digital programs. The company operates a subscription model and positions its content for schools, higher-education institutions, corporations, sports teams, and NGOs. EverFi and its leadership frame growth in terms of both commercial scale and measurable education impact, and the recent financing is presented as a way to accelerate that trajectory. The company has notable backers and partners from the private sector that support distribution and product reach. EverFi offers a SaaS-based critical skills learning platform called Foundry that delivers digital learning experiences and assesses learners on topics such as financial education, STEM career readiness, entrepreneurship, alcohol responsibility, sexual assault prevention, social and emotional learning, and employee compliance. The platform serves K-12, higher education, and adult learners and is used across a broad partner network. The EverFi Education Network includes over 3,300 financial institutions, technology companies, sports leagues, foundations, and higher education partners across all 50 states and Canada. The company annually reaches over 6 million learners. EverFi recently acquired compliance education provider LawRoom, growing its higher education customer count to 1,300 institutions and adding over 1,500 enterprise compliance customers. The company was founded in 2008 by CEO Tom Davidson and is based in Washington, D.C. EverFi offers a SaaS application for schools to teach financial literacy, student loan default prevention, filing taxes, credit card debt and other critical life skills. Its curriculum incorporates virtual worlds, gaming, social media, and videos to engage learners; the Buttonwood platform includes a Second Life-like virtual world for teaching loan-related concepts. The company has expanded its offerings to cover cyberbullying awareness, online safety, alcohol abuse prevention, sexual assault awareness, and other issues. Last year EverFi acquired Outside The Classroom, the provider of the AlcoholEdu course. EverFi says it has certified more than 4 million students in financial literacy skills and that 750 corporations, foundations, and university partners have paid to license its programs for public schools. Corporate sponsors named in the article include Burger King, BBVA Compass, Capital One, Genworth Financial, Neustar, and PepsiCo. EverFi offers a SaaS application that teaches financial literacy and related life skills, including student loan default prevention, filing taxes, and managing credit card debt, using virtual worlds, gaming, social media, and videos. Its Buttonwood platform includes a Second Life–like virtual world where users learn and apply concepts such as credit worthiness, the loan application process, and interest rates. The company is used in over 2,000 public schools across 47 states, and its reach was expected to more than double in 2011. EverFi’s technology is not free to use, but use in public schools is fully funded by outside corporations and foundations that license its programs. Partners licensing programs include the United Negro College Fund, Capital One, Genworth, U.S. Bank, PayPal, and BB&T. The company plans to use the new funding for product development and additional hires.

Total raised

$251M

Funding rounds

4

Latest round

Series D

Latest activity

Apr 2017