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| VIEW EVENT INFORMATION: Sequoia Capital |
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Everwise Lands $16M, Led By Sequoia |
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About the organization Sequoia Capital:
Type: Business
Sub-Types: Consulting, Venture Capital, Finance |
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Notable Organizations: Sequoia Capital, Techcrunch
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| Everwise, a startup focused on how to make professional development scalable, has raised $16 million in Series B funding led by earlier backer Sequoia Capital, with participation from two other earlier backers, Canvas Ventures and Webb Investment Network.
The three-year-old, 80-person, San Francisco and New York-based company is also taking the wraps off a social learning software platform that aims to connect professionals with the people, resources and experiences that Everwise thinks they need at each stage of their careers.
It’s been an interesting evolution for Everwise, which began as a kind of matchmaking service for mentors and protégés. Indeed, its primary focus has long been connecting online executives willing to volunteer their time with people looking for mentorship — from new entrepreneurs, to budding sports coaches, to people looking to rise through the ranks of Fortune 500 companies. The cornerstone of the technology works by plugging data from a user’s LinkedIn profile and a personalized questionnaire that he or she answers into an algorithm that points that person to a more experienced executive from another company.
More than a year ago, the company began layering in more software features. One feature provided curated content from around the web to protégés based on the recommendations that Everwise mentors have made in the past, including which books to read and TED talks to watch. Another enabled users to establish development goals — or import them from their company’s HR system after a performance review — and track their progress against them. |
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