Certification platform Certavers collected a series A of $ 11 million led by Cherryrock Capital, he announced this week.
The company was founded by Ruben Garcia, Pablo Meyer and Federico Lopez in 2023. It allows organizations to develop certification exams to its founders, say, much less costs than traditional methods.
Certifications are a secular method to acquire technical skills to stimulate job prospects, as well as to gain a mastery on a particular subject.
The company says that it works with a range of companies, from non -profit technology to the Linux Foundation to the Hashicorp software company.
The CEO Garcia is not new in the certification industry. He previously co -founded (and sold) innovative examinations, a test of testing services which also provided examination services.
Becoming certified can be “events that change life for managers and professionals,” he said, but has added that it can cost a business up to $ 150,000 to develop certification and exams.
“Our customers have developed up to 10 in one year on our platform for less than $ 10,000 per examination,” he continued.
He added that it is generally about a year to create an examination using inheritance suppliers (such as Pearson, View and Promritric).
“Our business model is aligned with the interests of our customers and we generate the majority of income once their exams have been launched and that professionals take them,” continued Garcia.
He used the word “concentrated” to describe his fundraising efforts. Certaverse began collection of funds in early January, with around 50 companies in 45 days.
“I stayed focused on the result,” said Garcia. “Find the right investors, quickly, who believe in vision and can help us evolve from here.”
He met the Cherryrock team through one of his existing investors. Chingona Ventures, Hyde Park Venture Partners and Zeal Capital Partners also participated in the round. Cerverse has collected just over $ 16 million in total to date, the company has told us.
Garcia said the new capital will be used to add more automation to the platform, which facilitates examination of exams.
“Our goal is to focus on the scale and build the platform to launch 1,000 new customers and partners in Certaverse,” he said.
