Edtech company EverFi has raised $190 million in new funding. The Georgetown based company’s this new funding comes nine months after they debuted a $40 million Series C.
$150 million of this funding comes from The Rise Fund, which is a new social impact investing fund led by TPG Growth.
The rest of the money comes from a couple of existing investors including Amazon CEO Jeff Bezos, Alphabet Chairman Eric Schmidt and Twitter Cofounder Evan Williams. The new funding will be used to further the education innovation by EverFi.
EverFi was founded in 2008 with the idea of harnessing innovative, digital education to engage learners on several pertinent issues like financial education, workplace health and sexual assault prevention among others. The company creates edtech software for all ages and levels of education. It focuses on real world skills as well, like money management and STEM subjects.