Certification platform Certiverse raised an $11 million Series A led by Cherryrock Capital, it introduced this week.
The firm was based by Ruben Garcia, Pablo Meyer, and Federico Lopez in 2023. It lets organizations develop certification exams at, its founders say, far much less value than conventional strategies.
Certifications are an age-old methodology to realize technical expertise to spice up job prospects, in addition to acquire mastery over a specific topic.
The firm says it really works with a variety of corporations, from the expertise nonprofit The Linux Foundation to the software program firm HashiCorp.
CEO Garcia will not be new to the certification business. He beforehand co-founded (and offered) Innovative Exams, a testing-service firm that additionally supplied examination supply providers.
Becoming licensed might be “life changing events for leaders and professionals,” he mentioned, however added that it could possibly value an organization as a lot as $150,000 to develop certification packages and exams.
“Our clients have developed up to 10 in one year on our platform for less than $10,000 per exam,” he continued.
He added that it often takes a couple of yr to create an examination utilizing legacy suppliers (similar to Pearson, Vue, and Prometric).
“Our business model is aligned with our clients’ interests and we generate the majority of the revenue once their exams are launched and professionals are taking them,” Garcia continued.
He used the phrase “focused” to explain his fundraising efforts. Certiverse began fundraising in early January, pitching to round 50 corporations over the course of 45 days.
“I stayed focused on the outcome,” Garcia mentioned. “Find the right investors, quickly, who believe in the vision and can help us scale from here.”
He met the Cherryrock group by means of one among his present buyers. Chingona Ventures, Hyde Park Venture Partners, and Zeal Capital Partners additionally participated within the spherical. Certiverse has raised a bit of greater than $16 million in complete thus far, the corporate advised us.
Garcia mentioned the contemporary capital will likely be used so as to add extra automation to the platform, making it simpler for anybody to create exams.
“Our goal is to focus on scale and build out the platform to launch 1,000 new clients and partners on Certiverse,” he mentioned.
