Certification platform Certiverse nabs $11M Series A led by Cherryrock
Certification platform Certiverse just secured an $11 million Series A round led by Cherryrock Capital. The fresh funding is set to accelerate the company’s mission of making exam development both faster and more affordable.
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Certification platform Certiverse nabs $11M Series A led by Cherryrock
Founded in 2023 by Ruben Garcia, Pablo Meyer, and Federico Lopez, Certiverse is redefining how organizations create certification exams. Rather than relying on traditional, costly methods, the platform enables companies to develop exams for a fraction of the usual expense. This approach not only cuts costs but also speeds up the certification process, which is critical in today’s fast-paced environment.
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Why It Matters
Certifications have long been a way to build technical skills and boost career prospects. However, conventional exam development can cost companies up to $150,000 per program. With Certiverse, clients have reported producing as many as ten exams in a single year for under $10,000 each, providing a scalable and economically viable alternative.
- Shorter development timeframe compared to legacy providers like Pearson, Vue, and Prometric.
- Significant cost reductions enabling more frequent exam updates.
- A platform that scales with client needs, fostering long-term partnerships.
Strong Backing and Focused Growth
With a client roster that spans from influential organizations like The Linux Foundation to prominent tech companies such as HashiCorp, Certiverse is already proving its worth. CEO Ruben Garcia, who previously co-founded Innovative Exams, knows firsthand the impact certification can have on a professional’s life. He believes that creating and launching certifications not only opens new career pathways but also generates ongoing revenue once professionals start taking the exams.
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A Streamlined Fundraising Effort
Garcia credits the company’s rapid fundraising success to a focused, outcome-driven strategy. Initiating the fundraising journey in early January, Certiverse pitched to nearly 50 firms over a span of 45 days. Alongside Cherryrock Capital, investors such as Chingona Ventures, Hyde Park Venture Partners, and Zeal Capital Partners also joined the round. In total, the company has now raised just over $16 million.
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Looking Ahead
The new capital is earmarked for enhancing the platform with added automation, making exam creation more user-friendly and efficient. Certiverse’s goal is to attract 1,000 new clients and partners, cementing its role as a leader in innovative exam development.
With certification being a vital tool for boosting professional credentials and technological expertise, Certiverse stands out as an invaluable asset for organizations eager to adapt and thrive in a competitive market.
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