Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Edovo closes $9.8 million to expand tablet-based inmate education



ImpactAlpha, April 10 – If three makes a trend, startups aimed at reducing overincarceration are onto something. The most recent to raise capital is Edovo, based in Chicago, which aims to reduce recidivism with educational, vocational, and rehabilitation programming, as well as communication tools and re-entry resources. Edovo says it provides its tablet-based educational and training courses to more than 50,000 people in 22 states.

  • Other criminal-justice focused startups… include Pigeonly, which has raised more than $5 million to  dramatically cut costs and hassles for friends and families in keeping in touch with inmates; and Promise, which raised $3 million for its alternative to traditional bail, including from musician and businessman Jay Z.
  • Mission-driven investors… backed Edovo’s Series A round, including SustainVC, Impact Engine, Kapor Capital and Ekistic Ventures. Foundations, some of which made program-related investments, included the Lumina, IDP and Evolve foundations. In February, Edovo raised $250,000 from cloud communications company Twilio’s social impact fund. Kapor Capital is also an investor in Promise and Pigeonly.

Edovo says its programming, delivered over a secure network, has measurably decreased violence and increased safety in the facilities where it is used.  Edovo CEO Brian Hill says the company’s new investors reflect the company’s “commitment to driving impact, in addition to driving returns.” The funding, he says, will help the company “find new ways to serve the diverse body of those affected by incarceration.”

You might also like...