Edovo Growth, Revenue, Number of Employees and Funding

Overview

Location:
Chicago, IL USA
Total Funding:$26.1M
Industry:Education
Founded:2013
Lead Investor(s):Twilio
Press

City Ranking

Industry Ranking

State Ranking

Growjo 10k Ranking

Estimated Revenue & Financials

  • Edovo's estimated revenue is currently $7.5M per year.
  • Edovo received $9.8M in venture funding in April 2018.
  • Edovo's estimated revenue per employee is $136727
  • Edovo's total funding is $26.1M.

Employee Data

  • Edovo has 55 Employees.
  • Edovo grew their employee count by 20% last year.
  • Edovo currently has 1 job openings.

Executive Contacts

NameTitle
Michael CornstubbleDirector of Infrastructure
David NorthridgeExecutive Vice President
Curtis BrownChief Operating Officer/Executive Vice President
Kevin PujanauskiProduct Manager / Director of Content
Catina RossVice President Operations
Anna DeLuna FergusonDirector, Customer Success
Liz PisneyVice President, Product Management
Paul TruongDirector Of Engineering
Adam PenningtonVice President, Business Development

What Is Edovo?

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:N/A

55

Number of Employees

$7.5M

Revenue (est)

1

Current Jobs

20%

Employee Growth %

$26.1M

Total Funding

N/A

Valuation

N/A

Accelerator

N/A

Type

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Edovo News

01/09/2019 - Maine Department of Corrections Partners With Edovo to ...

AUGUSTA, Maine, Jan. 9, 2019 /PRNewswire/ -- The Maine Department of Corrections is advancing the use of technology to prepare offenders ...

02/25/2019 - Can Edtech Behind Bars Help Keep People Out?

One of the newer entrants to this market is Edovo, which offers a tablet-based educational platform for prisons with the explicit goal of ...

02/27/2018 - US-based digital learning platform Edovo equips prisoners ...

Chicago-based Edovo is live in close to 50 correctional facilities across 20+ states in the US. Edovo's educational suite hosts tens of thousands ...

Edovo Funding

DateAmountRoundLead InvestorsReference
2018-02-02$0.2MUndisclosedTwilioArticle
2018-04-09$9.8MUndisclosedMultipleArticle