What is Edovo?
Edovo is dedicated to transforming the lives of those within the correctional system and their support networks. By offering free education and low-cost communication tools, the company aims to foster rehabilitation and build better futures for inmates, officers, and the families connected to them. The company's mission is to bridge the gap in access to resources for a population often underserved by traditional technology solutions. This focus on social impact within a critical sector positions Edovo as a unique player in the tech for good landscape.
How much funding has Edovo raised?
Edovo has raised a total of $6.5M across 4 funding rounds:
Private Equity
$1.8M
Private Equity
$2.3M
Debt
$2.2M
Grant
$250K
Private Equity (2014): $1.8M, investors not publicly disclosed
Private Equity (2016): $2.3M, investors not publicly disclosed
Debt (2016): $2.2M, investors not publicly disclosed
Grant (2018): $250K featuring Twilio
Key Investors in Edovo
Twilio
Twilio Inc. is a cloud communications platform as a service company that provides a platform for developers to programmatically make and receive phone calls, send and receive text messages, and perform other communication functions using its web service APIs.
What's next for Edovo?
With its latest major strategic investment, Edovo is poised for accelerated growth and expanded service delivery. The company is likely to leverage this capital to enhance its platform, broaden its reach to more correctional facilities, and potentially develop new features that further support rehabilitation and family connection. This funding round signals strong investor confidence in Edovo's model and its capacity to scale its operations effectively, driving further innovation in correctional technology and social impact.
See full Edovo company page
