# Clever

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/clever

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.clever.com
- Total disclosed funding: $46M
- Latest round: Series B (Dec 16, 2014)
- Investors on record: 13

## About

Clever Inc. specializes in providing digital identity solutions for educational institutions, enhancing secure access to a variety of learning applications and streamlining user experiences for students and educators.Founded in 2012 in San Francisco, US, Clever Inc. offers digital identity solutions for the education sector. The company has undergone significant growth and was acquired by Kahoot! AS in September 2021 for USD 500 mn. The founders include Dan Carroll, Rafael Garcia, and Tyler Bosmeny, with Tyler Bosmeny also serving as CEO.Clever is a leading provider of digital identity solutions tailored specifically for the education sector. The company's core offerings include a unified identity platform that enables secure access to various educational applications, facilitating both teaching and learning experiences. Their services encompass identity and access management through features such as single sign-on (SSO), secure rostering, and Clever Badges, which simplify the login process for students and educators. Clever's products are designed to address critical issues in digital security, ensuring that student and school data is adequately protected while providing seamless access to learning resources. The primary users of Clever's services include K-12 school districts and educational institutions across North America, the U.K. and Ireland, Canada, Australia, and New Zealand, where they streamline digital learning through a centralized platform.Clever generates revenue primarily through subscription-based models that serve educational institutions. Schools and districts typically enter into partnerships with Clever, paying fees based on the number of users and specific services utilized, such as multi-factor authentication and analytics services. These agreements facilitate a B2B transactional structure where educational institutions pay for access to a suite of integrated applications that enhance digital learning environments. Although specific pricing plans for Clever’s services are not publicly disclosed, the company provides a range of solutions that cater to both large school districts and individual educational institutions, allowing for flexible scalability and service customization based on client needs. This structured approach enables Clever to maintain a steady revenue stream while supporting a growing client base in various global markets.Clever plans to develop new products aimed at enhancing its digital identity solutions for educational institutions, although specific release dates have not been disclosed. The recent acquisition by Kahoot! AS is expected to accelerate Clever's expansion into international markets, particularly in the educational sector in Europe and Asia, by leveraging Kahoot!'s existing presence. The USD 500 mn from the acquisition will be utilized to enhance educational services and expand Clever’s product distribution globally, with a focus on improving accessibility and security for learning applications.

## Funding rounds

- Series B, Dec 16, 2014, $30M — Lightspeed Venture Partners, Hong Shan, GSV Ventures
- Series A, Nov 25, 2013, $13M — Hong Shan
- Seed, Oct 22, 2012, $3M — Bessemer Venture Partners, GV, SV Angel, Floodgate, Uncork Capital, Kapor Capital, Ulu Ventures, Y Combinator, Streamlined Ventures
- Seed, Jun 1, 2012, $0M — Y Combinator, Start Fund

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Start Fund — Seed
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Seed
- GV (https://capitalatlas.ai/funds/gv) — Seed
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Floodgate (https://capitalatlas.ai/funds/floodgate) — Seed
- Uncork Capital (https://capitalatlas.ai/funds/uncork-capital) — Seed
- Kapor Capital (https://capitalatlas.ai/funds/kapor-capital) — Seed
- Ulu Ventures (https://capitalatlas.ai/funds/ulu-ventures) — Seed
- Streamlined Ventures (https://capitalatlas.ai/funds/streamlined-ventures) — Seed
- Hong Shan — Series A, Series B
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series B
- GSV Ventures (https://capitalatlas.ai/funds/gsv-ventures) — Series B