What is Clever?
Headquartered in San Francisco, California, Clever provides a specialized Single Sign-On portal designed for the education industry, facilitating secure and automated access for students and teachers in distance learning environments. The platform integrates with a catalog of digital resources, streamlining the use of educational technology. Clever's focus on secure, automated rostering and a unified digital resource catalog positions it as a key player in enhancing the efficiency and accessibility of remote education.
How much funding has Clever raised?
Clever has raised a total of $43.3M across 4 funding rounds:
Other Financing Round
$20K
Angel/Seed
$3M
Series A
$10.3M
Series B
$30M
Other Financing Round (2012): $20K with participation from Start Fund and Y Combinator
Angel/Seed (2012): $3M led by Jessica Livingston, Uncork Capital, Alexis Ohanian, Floodgate, Ben Parr, GV, GSV Acceleration, Jeff Clavier, Mitchell Kapor, Y Combinator, Kapor Capital, Ashton Kutcher Network, SV Angel, Paul Buchheit, and Yuri Milner
Series A (2014): $10.3M supported by Steamboat Ventures
Series B (2014): $30M featuring Lightspeed Venture Partners, Steamboat Ventures, and GSV Capital
Key Investors in Clever
Jessica Livingston
Jessica Livingston is an early-stage investor known for her involvement in the startup ecosystem, particularly through her association with Y Combinator. Her investment in Clever indicates a belief in early-stage technology companies with disruptive potential.
Uncork Capital
Uncork Capital is a seed-stage venture firm that provides early backing and ongoing support to startups. Their investment in Clever highlights their strategy of identifying and nurturing promising companies in their initial growth phases.
Lightspeed Venture Partners
Lightspeed Venture Partners is a global venture capital firm that invests in early and growth-stage technology companies. Their participation in Clever's Series B funding round signifies their focus on scaling innovative enterprise software solutions.
What's next for Clever?
With the recent major strategic investment, Clever is poised to accelerate its product development and market penetration. The company's focus on secure log-in software for distance learning addresses a critical need in the evolving education landscape. Future initiatives are likely to involve expanding its integration capabilities, enhancing its security protocols, and potentially broadening its reach into new educational markets or segments. The sustained capital backing suggests a strong confidence in Clever's business model and its potential for continued innovation and leadership in edtech.
See full Clever company page
