Everwise, an operator of a talent development platform, has closed a $16 million Series B financing round. Sequoia Capital led the round with significant participation from previous investors Canvas Ventures and Webb Investment Network. Everwise is based in NY and San Francisco.
The company is also announcing the general availability of its Enterprise Social Learning Platform, defining a new category of software that connects professionals to the people, development resources and experiences they need to thrive at each stage of their careers.
Everwise plans to use the new money to further develop the capabilities of its software platform, accelerate team growth and expand marketing activities.
“At Sequoia we’ve been actively tracking the learning and development market for many years. Everwise caught our eye as a breakthrough company,” said Joe Dobrenski of Sequoia Capital. “Their approach turns conventional professional development on its head by providing, at enterprise scale, the individualized learning experiences required to help the modern knowledge worker reach his/her full potential.”
Everwise launched in 2013 as a platform to make mentoring work at scale. The Enterprise Social Learning Platform, available today, is designed to help the world’s leading organizations solve their most critical talent-related challenges such as enabling front-line managers, creating diverse and inclusive cultures, engaging millennials, effective onboarding or navigating significant organizational change.
“HR leaders have historically had to choose between solutions that scale and those that are effective,” said Mike Bergelson, co-founder and CEO of Everwise. “We believe this is a false choice. Every employee should have access to a personalized, impactful social learning experience. The human connection is critical to translating knowledge into behavior change.”
Every stage of the talent development process can be managed on the new SaaS-based Enterprise Social Learning Platform, the first solution that moves beyond content to incorporate comprehensive, personalized social and experiential learning experiences at scale.
Since announcing its Series A funding last year, Everwise has grown to more than 250 enterprise customers. Market leaders such as Genentech and Oracle, as well as high-growth companies like Lyft and Zendesk are among the organizations already using Everwise.