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EverFi raises $10M from Jeff Bezos, Eric Schmidt

EverFi Inc., a D.C.-based education technology company, has raised $10 million in a Series B funding round, the company announced Wednesday. The new money comes from some major players in the world of technology and venture capital.

Investors include Amazon.com Inc. founder and CEO Jeff Bezos, Twitter founder Evan Williams and Rethink Education. Also joining the round of funding are existing investors New Enterprise Associates Inc., Tomorrow Ventures (the investment arm of Google Inc. Chairman Eric Schmidt), Allen and Co., and Blackboard CEO Michael Chasen.

EverFi, which raised $11 million in 2010, runs online, interactive courses and certifies students in a number of life skills not necessarily taught in a traditional classroom, like alcohol prevention and financial literacy.

“These are critical issues that put enormous pressure on students and families, and the validation from these investors speaks to that importance,” said Tom Davidson, EverFi CEO. “Our new investors have collectively built some of the most powerful networks in the world, and that experience will be extremely helpful as we build ours. If we succeed, we can quite literally change the trajectory of the lives of millions of students. It’s important that we do.”


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