Edovo Competitors, Revenue, Alternatives and Pricing

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Overview

Location:
Chicago, IL USA
Total Funding:$15M
Industry:Education
Founded:2013
Lead Investor(s):Twilio

Estimated Revenue & Financials

  • Edovo's estimated annual revenue is currently $9.9M per year.(?)
  • Edovo received $9.8M in venture funding in April 2018.
  • Edovo's estimated revenue per employee is $180,000
  • Edovo's total funding is $15M.

Employee Data

  • Edovo has 55 Employees.(?)
  • Edovo grew their employee count by -13% last year.
  • Edovo currently has 1 job openings.

Our mission is to help everyone connected to incarceration build better lives. Offering the largest library of educational, vocational and social-emotional learning programming in the industry, behavior management tools for facilities, and communication tools for incarcerated individuals, Edovo fosters a culture of rehabilitation while providing administration and staff with the tools to streamline facility operations and engage their incarcerated population. Users can now gain daily access to courses that lead to tangible achievements, K-12/GED courses, college credit, vocational certificates, and inspire better outcomes. These opportunities, blended with our unique incentive system that uses entertainment as a motivator, has led to an industry leading 80%+ week to week user engagement, more than double the industry average. Learners can take courses at their own pace, making the system ideal for all kinds of learning styles. Edovo is committed to closing the programming gap behind bars, decreasing recidivism and improving opportunities for those who are affected by incarceration. Our tablet solution provides meaningful daily access to education and increased communication with external support systems to better prepare incarcerated people for re-entry and improve public safety. Our goals are to reduce the national recidivism rate, make reentry easier on people who were incarcerated, and for every person who uses Edovo to be able to create opportunities for themselves and others. Some background information: Costs Over $80B is spent annually on jails and prisons at the county, state, and federal level An additional $175B is spent annually on the courts and police required to support jails and prisons Recidivism More than 50% of those incarcerated will return to jail or prison after release Education Participation in educational programming reduces recidivism by 43% Communication Incarcerated people who are able to connect with support networks while incarcerated have better success after being released. Savings Investment of $1 in educational programming will save taxpayers $5

keywords:Impact Investing, Social Innovation, Government Innovation, Edtech