EVERFI Acquisition, Valuation, Funding & Investors

Matific is a Sydney-headquartered edtech company offering an adaptive math learning platform for students aged 4 to 15 in over 100 countries. The platform delivers modular, spiral curriculum through interactive episodes on tablets and computers, aligned with curricula in the United States, United Kingdom, Australia, and others. Matific has earned awards from CODiE, EdTech Digest, and Academics' Choice, integrating with classroom tools like Google Classroom.

Ruangguru is a Jakarta-headquartered edtech company founded in 2014 offering online learning platforms, live classes, and adaptive tutoring for K-12 students across Indonesia. The platform serves over 15 million users through apps covering national curriculum subjects and exam preparation for UTBK and CPNS.

Knowbox is a K12 edtech platform founded in 2014 with mobile apps for personalized homework exercises serving nearly one million daily active users in China. Teachers manage assignments efficiently, gaining time for student support. The company builds proprietary homework databases for math and other subjects.

Jiangsu Chuanzhiboke Education Technology Co Ltd provides online training courses.

Gaotu Techedu Inc is a technology-driven education company that provides online live courses in a large-class setting backed by its proprietary technology infrastructure. The company offers courses in large-class format, which amplifies the benefits of online education and allows it to rapidly expand its student base. It operates solely in the PRC and all assets are located in the PRC. The learning services that the company offers include Traditional Learning Services, Non-Academic Tutoring Services, and College Student and Adult Education Services. It derives maximum revenue from Learning Services and also from Educational content & digitalized learning products.

Codemao is an online coding education platform for children using graphical programming. Shenzhen-headquartered since 2015, it features the Programming Cat tool with gamified courses blending coding, math, and languages. Courses build logical thinking through block-based modules transitioning to text-based Python and JavaScript.

Coursera Inc is an online learning platform that connects learners, educators, and institutions with the goal of providing educational content that is affordable, accessible, and relevant. It combines content, data, and technology into a single, unified platform that is customizable and extensible to both individual learners and institutions. The company operates through two reporting segments: Consumer and Enterprise. The majority of revenue is generated from the Consumer segment. The consumer segment targets individual learners seeking to obtain hands-on learning, gain valuable job skills, receive professional-level certifications, and otherwise increase their knowledge to start or advance their careers.

Cuemath is a Bengaluru-headquartered online learning platform founded in 2013. It delivers math and coding programs for K-10 students through interactive worksheets, application-based technology, and certified teacher supervision. Cuemath builds foundational skills in concepts, aptitude, and reasoning for children across India and international markets.

Spark Education Group is a Shanghai-headquartered online learning provider established in 2018 that offers live small-group classes in math and Chinese language for K-12 students. The portfolio includes VISPARK with curricula aligned to Singapore Math and Common Core, Huohua Siwei for Chinese subjects, Allschool as a tutor marketplace, and ClassPod for interactive sessions. Spark Education Group serves over 100 countries through its platforms backed by investors such as KKR and Sequoia China.

Youdao Inc develops and markets software applications. It engages in developing technologies to provide learning content, applications, and solutions. The firm operates in three segments: Learning services, Smart devices, and Online marketing services. The majority of its revenue comes from the Learning services segment, which generates revenues from online courses, mainly including Youdao Premium Courses, NetEase Cloud Classroom, and China University MOOC. The learning products segment includes sales of smart devices such as the Youdao Dictionary Pen and the Youdao Pocket Translator. Geographically, all of its revenue is generated from the People's Republic of China.

MegaStudyEdu Co Ltd is a Korean company that operates in the education sector. The company operates online education institute, provides educational information and consulting for entrance examination, and offline school direct business.

BYJU’S is an India-headquartered edtech giant founded in 2011 providing personalized learning apps and programs for pre-K through grade 12 and competitive exams like JEE and NEET in eight languages across more than 21 countries. Its brand portfolio encompasses Disney-BYJU's Early Learn for ages 2-7, Epic reading platform, Osmo interactive kits, Tynker coding courses, Toppr adaptive tests, and WhiteHat Jr coding classes, bolstered by partnerships with Disney and Google for interactive content delivery.

I-Scream Media Co Ltd is an education company with educational content and different content production capabilities. The company's business includes the edutech platform 'Ice Cream S' utilized by elementary school teachers with differentiated and diverse contents, 'Ice Cream Remote Education Training Center', a training institute for teachers to enhance their teaching expertise, 'Ice Cream Mall', which helps teachers conveniently prepare classes and operate classes by the Korean environment, and 'Ice Cream Textbook', an elementary school textbook that combines books and digital contents.

East Buy Holding Ltd is a live-streaming platform that focuses on selecting premium products for customers. The company operates in three reportable segments: Private Label Products and Livestreaming E-Commerce, College Education, and Institutional Customers. The majority of its revenue comes from private label products and the direct e-commerce segment, i.e., direct online commerce with private label products sold to individual customers and providing commission services.

Stride Inc is an American online educational company. It offers alternative programs to traditional on-campus schooling. It also operates state-funded virtual charter schools around the United States. The educational programs for K-12 students are usually monitored by parents and provide virtual classroom environments where teachers meet with students online, by phone, or in-person. The company's contractual agreements with various school districts to offer its curriculum programs provide a majority of the company's revenue. The company lines of business are Managed Public School Programs, Institutional and Private Pay Schools and Other.

Fenbi Ltd operates as a non-formal vocational education and training (VET) service provider in China. The company providing a comprehensive suite of recruitment and qualification examination tutoring courses for adult students pursuing careers in government-sponsored institutions and several professions and industries. The company helps college graduates excel in the competitive selection process administered by governmental institutions and helps professionals obtain the relevant qualifications. Its segments are Tutoring services and Sales of books. The company generates the majority of its revenue from Tutoring services, which are classroom-based platforms teaching to students who physically attend the lecture centers or through an online platform.

Chegg Inc is an American educational services company. The Chegg platform provides products and services to support learners with their academic course materials, as well as their career and personal skills development. The company's service and product offerings fall into two categories: Subscription Services, which encompasses Chegg Study Pack, Chegg Study, Chegg Writing, Chegg Math, and Busuu offerings that can be accessed internationally through the company's websites and on mobile devices, and Skills and Other, which encompasses skills, advertising services, print textbooks, and eTextbooks offerings.

51 Talk Online Education Group is an online education platform in China, with core expertise in English education. The company's mission is to make quality education accessible and affordable. It's online and mobile education platforms enable students across China to take live interactive English lessons with overseas foreign teachers, on demand. The Group operates in seven principal geographical area: China, Hong Kong, Philippines, Singapore, Malaysia, Thailand and Saudi Arabia.