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Vemo Education company logo
Corporation
BUSINESS PRODUCTS & SERVICES | Consulting & Outsourcing / Accounting & Finance Services
vemoeducation.com

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Founded Year

2015

Stage

Loan | Alive

Total Raised

$10.58M

Last Raised

$680K | 2 yrs ago

About Vemo Education

Vemo Education works with higher education institutions and their affiliates to effectively design and implement unique alternatives to traditional debt-dependent education finance options.

Vemo Education Headquarter Location

1560 Wilson Boulevard Suite 950

Arlington, Virginia, 22209,

United States

813-995-7578

Latest Vemo Education News

13 DC-area edtech companies shaping the future of learning

Sep 20, 2021

Advertisement Class Technologies: The one that’s backed by Tom Brady You thought we were done with Blackboard? Think again. In 2020, the company’s cofounder and 15-year CEO Michael Chasen turned around and founded ClassEDU , now known as Class Technologies. The DC company’s software adds capabilities to Zoom such as attendance, one-on-one learning and proctoring exams for remote learning. Cybrary: The one that, yes, it should be on this list. Just let me explain Hear me out on this one. While it’s not quite the company you’d find in a classroom and often falls on lists of the region’s cybersecurity companies, College Park’s Cybrary has a huge presence in the DMV when it comes to educating future cybersecurity professionals (for free!). After its founding in 2015, then-CEO Ralph Sita said it enrolled over 10,000 students in just one week. After moving into the Discovery District in May, Secureworks alum Kevin Hanes took over as CEO earlier this summer with a new focus on community engagement and honing in on the company’s training programs. Edtech Evidence Exchange: The one that’s keeping tabs on all these other companies An Arlington nonprofit formerly known as the Jefferson Education Accelerator and in cahoots with the University of Virginia, Edtech Evidence Exchange works to find information about the edtech industry and spending. Its latest endeavor, the Edtech Genome Project , tracks edtech spending by schools and its overall impact. In July , it found that pre-pandemic edtech spending was between $26 billion and $41 billion annually, with post-COVID spending is more likely around $100 billion (and that’s a conservative number), but estimates that about half of all education technology is used ineffectively, materially underused or unused at all. EverFi: The one that’s using edtech for social good Although it launched all the way back in 2008, after moving business from Georgetown to the West End neighborhood in 2018, social impact SaaS company EverFi has landed major successes in recent years in the DMV. This summer, it scored nine figures when Florida’s Vector Solutions paid $100 million to acquire just its higher education business (the same amount that the company pledged in 2020 to expand resources that address systemic social justice and economic disparities). Full Measure Education: The one with that helps you out at the admin office We’re still not done with the Blackboard connections. In 2013, Greg Davies, one of the founding team members at Blackboard, founded Full Measure Education, a company that develops communication software for the administration side of college to help lower dropout rates. In 2021, the NoMa company raised another $10 million from Fulcrum Equity Partners that will be put towards hiring, adding an entire floor to its HQ and growing its product offerings. Davies told Technical.ly in June that the company now serves 450 schools, the majority of which have been added in the past year and a half. GiveCampus: The one that’s taking care of fundraising After just a few days in its new office at the Navy Yard , GiveCampus had to go virtual like the rest of the world in March 2020. But it has continued on and pushed forward with its growth ( here’s how the company execs did it ). Its impact on the area, though, goes back much further for the fundraising platform for schools. In 2019, it launched GC Connect , which lets schools accept donations in person through credit cards and mobile wallets at events like alumni gatherings and fundraisers, and as of 2018, it’s worked with over 500 schools nationwide (and counting). Knowledge to Practice: The one that’s bringing edtech to frontline workers After partnering with health organizations in South Carolina to deploy the platform to 25,000 healthcare practitioners and professionals, it turned CurrentMD COVID into a mobile app loaded with up-to-date Covid-19 research and discoveries in micromodules. Legends of Learning: The one with a totally chill dress code Legends of Learning, HQ’d near Union Station in DC, offers educational games for middle schoolers that teachers can assign to their students. MPOWER Financing: The one that puts its $$ where its mouth is Founder in 2014, MPOWER Financing, which offers loans and financing to Deferred Action for Childhood Arrivals (DACA) and international students, is a huge player in DC’s market. And it got the funding to prove it. If that wasn’t enough, it also claimed one of DC’s megarounds in July with yet another $100 million in an equity round and $52.5 million in unrestricted corporate debt. Then, founder Manu Smadja told us in July that ESG practices should be at the center of any business. Phew, you got all that? Vemo Education: The one that’s taking on student debt This has been a good year for Arlington income-based payment platform Vemo. In June, it acquired Boston-based edtech company Edmit for an undisclosed amount, and the pair already have already begun work on its new service for students: Vemo and Edmit will pay for six months of loans for eligible students who don’t find a job within a year of graduation or make less than $20,000 a year. Words LIIVE: The one that lets you compare Kendrick Lamar and Beowulf Words LIIVE, founded in 2015 by Sage Salvo , is one of the more creative offerings on the DC edtech scene. Its software lets students compare the lyrics of popular songs alongside classroom texts to help explore literary concepts and improve literacy. Earlier this year, Salvo and LIIVE were also named semifinalists in The GSV Cup , a pitch competition for edtech startups. To date, it’s raised over $750,000 and Salvo is currently in the midst of launching a brand-new product offering for the company that helps teachers with lesson plans. 2U: The one that’s done it all Since its founding in 2008, Lanham, Maryland’s 2U has pretty much done it all.

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