# Edovo

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

- Industry: Software
- Headquarters: Chicago, US
- Website: www.edovo.com
- Total disclosed funding: $12M
- Latest round: Series A (Apr 5, 2018)
- Investors on record: 7

## About

Edovo Ltd. is dedicated to providing an innovative learning platform designed for incarcerated individuals, enhancing their access to educational and rehabilitative programs to foster successful reintegration into society.Founded in 2013 and headquartered in Chicago, US, Edovo Ltd. offers educational services tailored for those in correctional facilities. The company has completed five deals, with its most recent funding round occurring on April 12, 2019, where it raised USD 2.73 mn. The CEO and founder, Brian Hill, has a history of focusing on educational initiatives.Edovo offers a comprehensive learning platform designed specifically for incarcerated individuals, empowering them with access to educational, vocational, and rehabilitative programs. The core product offerings include mobile applications tailored for incarcerated learners, correctional staff, content creation, and post-release learners. These applications facilitate structured learning experiences, practical training, and targeted therapies aimed at improving physical, mental, and emotional well-being. By providing free access to these resources, Edovo addresses critical issues such as skill deficits and the challenges of successful reentry into society, ultimately striving to lower recidivism rates and enhance community safety. The platform primarily serves a wide range of users within the American corrections system, including over 1,000 correctional facilities across various states, directly impacting hundreds of thousands of incarcerated individuals and their families.Edovo operates as a nonprofit organization, focusing on providing free educational services to incarcerated individuals without direct charges to the end users. The organization’s revenue model includes funding from donations and grants that support the creation and maintenance of its educational content and technology. Partnerships with correctional facilities facilitate access to the platform for inmates, which may involve institutional agreements rather than individual transactions. The structure emphasizes philanthropic contributions as a means to sustain the platform, promoting the delivery of rehabilitative education at no cost to those it serves. This operational model positions Edovo as a key player in advancing correctional education and support, leveraging community and institutional collaboration for long-term success.Edovo plans to utilize the USD 2.73 mn raised in April 2019 to enhance its platform and expand its reach. The company is actively working on new mobile applications to further improve educational access for incarcerated individuals, with anticipated launches in the coming years. Additionally, Edovo aims to expand its services into more states within the US, targeting facilities in regions currently underserved by educational programs for inmates, with plans to establish these new services by the end of 2023.

## Funding rounds

- Series A, Apr 5, 2018, $9.8M — Kapor Capital, SustainVC, Impact Engine, Lumina Foundation, Ekistic Ventures, IDP Foundation, Evolve Foundation
- Seed, Jan 22, 2016, $2.3M — Kapor Capital, Impact Engine

## Investors

- Kapor Capital (https://capitalatlas.ai/funds/kapor-capital) — Seed, Series A
- Impact Engine (https://capitalatlas.ai/funds/impact-engine) — Seed, Series A
- SustainVC (https://capitalatlas.ai/funds/sustainvc) — Series A
- Lumina Foundation — Series A
- Ekistic Ventures (https://capitalatlas.ai/funds/ekistic-ventures) — Series A
- IDP Foundation — Series A
- Evolve Foundation — Series A