Oslobased Clever 500mlundenTechCrunch is an innovative new start-up that wants to reinvent how people use drinking water. The company aims to create an easy-to-use, inexpensive and eco-friendly water filter that allows consumers to enjoy better health and save money. With offices in Oslo and Copenhagen, the founders have already raised over $18 million in funding and hope to continue growing the business to reach other markets.
Business Model
The business model of Oslobased Clever 500mlundenTechCrunch edtech company Clever is impressive. It’s been running on a cash flow-neutral basis for the past few years, and has been able to grow at 25% per year. In its first three years, the company billed over $44 million in revenues. While this may not sound like much, the company is generating 5.6 billion learning sessions a month.
Most Impressive Things
One of the most impressive things about Clever’s business model is how the company has found its way into the hands of more than 89,000 schools in the U.S., including 65 percent of the nation’s K-12 school districts. Not only has the company achieved this feat, it has also been able to get the attention of investors. To date, the company has secured $600,000 in angel funding and $16 million in venture capital.
Barriers of Education Market
In an effort to break the barriers of the education market, the founders of Oslo-based edtech startup Clever are making it easier for schools to scale their edtech products. Their product is a digital learning classroom. The company’s technology has a single sign-on portal that lets educators easily access all of their tools. Using a simple interface, educators can create quizzes and games that can be used on their own or as an introductory class activity.
Cash Flow Neutral Basis
For the past three years, Clever has seen 25% annual revenue growth. It’s projected to generate $44 million in billed revenues in 2021. During this time, the company has been running on a cash flow neutral basis. However, it has invested all of its money in the development of its products, with plans to redirect all of its cash into the future.
Clever’s Products
Clever’s products have already been adopted by a number of schools. Its platform is used by 65% of K-12 school districts in the U.S., as well as 95 of the 100 largest school districts. In addition, it has logged 5.6 billion learning sessions, with 20 million students logging in every month.
Educational Marketplace
Oslobased Clever 500mlundenTechCrunch is a company that offers sign-on services for educational apps and websites. The company also offers an educational marketplace where teachers and students can find and purchase learning materials. They have worked with many different educational institutions, including Khan Academy and McGraw Hill. Their single sign-on portal lets teachers navigate from class to class and assignment to assignment.
Clever is a cash flow-neutral company that has seen 25% annual revenue growth in the past three years. For example, they claim to generate 5.6 billion learning sessions a year, and the company has over 20 million students logging in monthly. However, the most important thing that they do is provide a free, open platform for educational app developers and educators.
Impressive Feature of the Company
Another impressive feature of the company is their free, open-source, single sign-on system that lets teachers and students switch between classes and assignments. The company has worked with over 600 different app and software development firms to create this product. It is an interesting way to tap into the large amount of data that is available to K-12 schools. In addition, the product is built on a foam material that is durable, reusable, and resistant to mold and mildew.
Kahoot, another popular edtech company, has also made its own mark with a gamification centric platform that makes it easy to play and create learning games. As a result of their efforts, they have amassed a significant global footprint. With this in mind, the company has decided to double down on K-12 education in the U.S. By purchasing Clever, they will gain a larger budget and more support to grow their business in the US and abroad.
Final Steps:
In the same year that Oslobased Clever 500mlundenTechCrunch was founded, Kahoot started to build its presence in the education space. Having a significant presence in the global market, the company has been able to create its own platform and has made it easier for users to design and share learning games. Additionally, the company has made it easier for schools to find the right app for their particular needs. This strategy has helped the company reach over 1.6 billion players from 200 countries.
