EVERFI earns $190 million in new funding—marking one of the largest investment rounds in the realm of education technology. By automating outdated processes in a market with relatively few competitors, EVERFI’s business model was especially attractive to lead investor Rise, a newly established social impact investing fund managed by TPG Growth. Rise sees edtech as a space with great opportunity for delivering social returns—helping underserved communities gain access to educational resources, for example—along with financial ones.

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