EverFi gets Advanced help to raise $190m

Apr 27, 2017 • Robert Lavine

Advance Publications has returned to invest in a Rise Fund-led series D round for digital education provider EverFi, less than a year after backing its $40m series C.

Media group Advance Publications was among the investors in a $190m series D round for US-based digital education provider EverFi yesterday that was led by impact investor Rise Fund.

Rise Fund provided $120m for the round while TPG Growth, the subsidiary of private equity group TPG that leads Ride, provided $30m according to Fortune. Main Street Advisors, Allen and Company, and private investors including Jeff Bezos, Eric Schmidt and Evan Williams also took part.

Founded in 2008, EverFi has built…

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