What is EverTrue?
Founded in 2010 and headquartered in Boston, Massachusetts, EverTrue specializes in creating software platforms designed to reconnect individuals through social media. The company's core offering involves alumni mobile applications, enabling educational institutions to foster stronger engagement with their former students. By leveraging technology, EverTrue facilitates ongoing relationships and community building within alumni networks, a critical aspect for many universities and colleges seeking to enhance donor relations and institutional support.
How much funding has EverTrue raised?
EverTrue has raised a total of $20.3M across 5 funding rounds:
Other Financing Round
$18K
Unspecified
$1.3M
Series A
$5M
Series B
$8M
Private Equity
$6M
Other Financing Round (2011): $18K with participation from Techstars
Unspecified (2011): $1.3M led by Red Swan Ventures
Series A (2013): $5M supported by Red Swan Ventures, Boston Seed Capital, and Bain Capital Ventures
Series B (2014): $8M featuring Bain Capital Ventures and Silicon Valley Bank
Private Equity (2017): $6M backed by University Ventures and Bain Capital Ventures
Key Investors in EverTrue
University Ventures
University Ventures was a firm focused on investing in the future of higher education, supporting companies that aimed to make education more affordable and introduce innovative learning approaches. They also assisted employers in rethinking talent discovery methods.
Bain Capital Ventures
Bain Capital Ventures is a prominent private investment firm with a global platform that invests across private equity, growth & venture, capital solutions, credit & capital markets, and real assets, aiming to create lasting impact for its investors and portfolio businesses.
Red Swan Ventures
Red Swan Ventures is a venture capital firm based in New York, New York, known for its preference not to take board seats on portfolio companies. The firm is no longer actively investing.
What's next for EverTrue?
The recent major strategic investment signals EverTrue's readiness for its next phase of expansion. With a solid foundation built over years of development and strategic capital injections, the company is well-positioned to further enhance its product offerings and broaden its market reach. Future endeavors will likely focus on deepening its technological capabilities, expanding its client base within the higher education sector, and potentially exploring new avenues for alumni engagement and data utilization. This latest financing round is expected to fuel innovation and solidify EverTrue's leadership in the alumni engagement technology space.
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