Digital education company EverFi Inc. is committing $100 million over three years to tackle systemic injustice and economic inequality with its online courses, the D.C.-based company said in an announcement.
The commitment includes new digital courses to provide professional development for teachers in these areas, as well as additional investment in research and development within the company, impact analysis of its coursework and better reporting capabilities for school districts, the company said in a press release.
“There is a missing layer in the education system today. The symphony of crises playing out across the world has cast a light on the lack of financial education, health care literacy, insurance literacy, emergency savings, and mental wellness instruction in America’s schools,” said Tom Davidson, founder and CEO of EverFi.
The company will add 12 new topic areas, including insurance literacy, financial capability, diversity, equity and inclusion, violence prevention and response. The effort will be financed by its corporate supporters, the company said. Each topic area provides an overview of the associated societal challenge and offers a five-year goal for EverFi to measure impact, reach, and societal change.
“Now is the time for the private sector to unite with solutions that yield important societal change. EverFi has the technical infrastructure and expertise to work in partnership with the nation’s school systems so that all students have equal access to learning that can provide them with an equal chance of success," Davidson said in the announcement.
EverFI has raised $251.6 million since its 2008 founding from the likes of Amazon.com Inc. CEO Jeff Bezos and The Rise Fund, which invested $190 million into the company in 2017 and counts among its investors U2 singer Bono.
The company boasts it has topped 41 million learners across its 250 education courses. Its customers include the Anti-Defamation League, Beyond Meat, Citizens, Fifth Third Bank, HSBC, LinkedIn, MassMutual, Mastercard, NFL, NHL, NHL Players’ Association, RISE, Truist and others.
