EverFi


Website: everfi.com
Twitter: @EverFi
Facebook: EverFi
Founders: Tom Davidson, Jon chapman, and Ray Martinez

Overview

EverFi is an education technology company that teaches, evaluates, and certifies students in critical life skills ranging from science, technology, engineering, and math, to financial literacy, cyberbullying, and sexual assault prevention. The company partners with large corporations, foundations, and individuals to offer their programs at no cost to K-12 schools and colleges. EverFi currently works with 1,000 corporations, foundations, non-profits, and higher education institutions. Their programs reach over 6,000 K-12 schools and 500 colleges.  Today their customers include BBVA Compass, Capital One, Comcast, Genworth Financial, Entertainment Software Association, the John Calipari Family Foundation, JPMorgan Chase, Neustar, PepsiCo and TCF Bank.  In higher education, some of EverFi's partners are American University, Dartmouth College, Florida State University, Harvard University, Princeton University, the University of Chicago, University of North Carolina at Chapel Hill, and Villanova University. [5]

History

Headquartered in Washington, D.C. with offices in Boston, Chicago, San Francisco, and Toronto, EverFi was founded by Tom Davidson, Jon Chapman, and Ray Martinez. In 2008, the founders drove an RV across the country to meet with students, teachers, principals, and superintendents. In each location they visited, they learned about tough issues facing students and families. They founded EverFi to offer free online financial literacy programs to high schools, and later added programs in substance abuse, cyberbullying, sexual assault prevention, and STEM education. In 2011, EverFi acquired Outside the Classroom, a firm that created an online tutorial about substance abuse for college campuses. In 2013 cofounder Tom Davidson, was named an Ernst & Young Entrepreneur of the Year 2013 Greater Washington, DC Award winner. The awards recognize entrepreneurs who project excellence in innovation, financial performance, and personal commitment to their businesses and communities. In 2014, the company partnered with several major institutions and individuals to provide online courses in science, technology, engineering, and math. [6] To date, EverFi has raised $21 million from investors including Amazon chief executive Jeff Bezos, Google Chairman Eric Schmidt, Twitter co-founder Evan Williams, New Enterprise Associates, TomorrowVentures, and Michael Chasen, the CEO of Blackboard. [8] [10]

Major partnerships for stem programs: NHL and Pharrell 

In 2014, EverFi announced it would partner with the National Association of Manufacturers, a company with over 14,000 member companies, to offer online programs in science, technology, engineering, and math (STEM) to develop manufacturing career opportunities to students. [1] Also in 2014, the company partnered with the National Hockey League and National Hockey League Players’ Association to bring STEM instruction to students in the 4th-8th grade in the US and Canada. The "Future Goals" program uses Hockey to teach concepts like acceleration, thermodynamics and geometry. [2] Additionally, in the same year, the company partnered with  American singer-songwriter, rapper, record producer, and fashion designer Pharrell Williams to promote their STEM programs. From One Hand to AnOTHER, Pharrell's educational non-profit, began working with EverFi to offer online programs to students attending the Summer of Innovation Camp coordinated by FOHTA. [4]

Funding rounds

Funding RoundDatePaper AmountInvestors
Series BAugust 14, 2012$10 millionRethink Education TomorrowVentures, New Enterprise Associates, Jeff Bezos, Evan Williams
Series ASeptember 2, 2010$11 millionMichael Chasen, TomorrowVentures, New Enterprise Associates