What is EverTrue?
Founded in 2010 and headquartered in Boston, Massachusetts, EverTrue specializes in creating software platforms designed to reconnect individuals through social media channels. The company's core offering involves alumni mobile applications that facilitate engagement and networking within educational institutions. This focus positions EverTrue as a key player in the edtech space, addressing the need for enhanced alumni relations and community building through digital solutions.
How much funding has EverTrue raised?
EverTrue has raised a total of $20.3M across 5 funding rounds:
Other Financing Round
$18K
Unspecified
$1.3M
Series A
$5M
Series B
$8M
Private Equity
$6M
Other Financing Round (2011): $18K with participation from Techstars
Unspecified (2011): $1.3M led by Red Swan Ventures
Series A (2013): $5M supported by Boston Seed Capital, Bain Capital Ventures, and Red Swan Ventures
Series B (2014): $8M featuring Bain Capital Ventures and Silicon Valley Bank
Private Equity (2017): $6M backed by Bain Capital Ventures and University Ventures
Key Investors in EverTrue
Bain Capital Ventures
Bain Capital Ventures is a prominent venture capital firm that invests across various stages and sectors, known for its strategic capital solutions and operational support to drive portfolio company growth.
University Ventures
University Ventures was a firm focused on investing in innovative solutions for higher education, aiming to improve affordability and learning approaches, and assisting employers with talent discovery.
Red Swan Ventures
Red Swan Ventures was a venture capital firm based in New York, known for its preference for not taking board seats on its portfolio companies.
What's next for EverTrue?
The substantial enterprise-level funding EverTrue has attracted indicates a strategic push towards scaling its operations and potentially expanding its product suite. With a history of consistent investment, the company is well-positioned to further innovate its alumni engagement software, enhance its market reach, and solidify its leadership in the higher education technology landscape. Future developments are likely to focus on leveraging data analytics for deeper insights into alumni networks and improving user experience across its platforms.
See full EverTrue company page
