Edovate Capital

Edovate Capital is a venture capital firm based in Denver, Colorado, that focuses on seed and early-stage investments primarily in the education sector. Established in 2013, the firm aims to support innovative companies that enhance learning and educational outcomes through technology and other means. Edovate Capital seeks to identify and invest in promising ventures that contribute to advancements in education, helping to foster growth and innovation in this critical field.

Graham Forman

Founder and Managing Director

20 past transactions

Clayful

Seed Round in 2023
Clayful is a mental wellness platform that provides preventative mental health support for youth, offering real-time access to trained human coaches. The service connects students aged eight to fourteen with mental health professionals and provides chat-based coaching, enabling students, educators, and families to manage emotions, strengthen relationships, and improve school engagement.

Curipod

Seed Round in 2023
Curipod is an education technology company that provides an online learning and presentation platform designed for classrooms, meetings, and workshops. The platform lets teachers create slides or upload existing presentations and engage learners with interactive features such as polls, word clouds, open questions, drawings, and Q&A, while real-time AI feedback supports practice and assessment. It also offers a K-12 curriculum and instruction platform that aligns content to standards, integrates slides with interactive activities, and facilitates student interaction and practice.

SmartPass

Seed Round in 2023
SmartPass is a technology company that specializes in streamlining student movement within schools. Its core product is a hall pass software that automates hall pass requests, provides real-time location tracking, and sends emergency notifications. This platform integrates with student information systems, enhancing safety, efficiency, and allowing teachers and administrators to focus on learning rather than logistics.

Novel Capital

Seed Round in 2022
Novel Capital is a fintech funding platform that provides non-dilutive, revenue-based financing to B2B software companies. It centers on future recurring revenue, enabling entrepreneurs to access capital immediately without giving up equity. The platform pairs capital with data-driven insights and learning resources to help growth-stage businesses accelerate scale. Using key company data points and financial metrics, it delivers capital, resources, and strategic support tailored to recurring-revenue models, helping ventures grow faster while preserving ownership. The company aims to support entrepreneurs and growing businesses with flexible funding solutions aligned to revenue streams and momentum, contributing to a thriving startup ecosystem.

Edlink

Seed Round in 2022
Founded in 2020, Edlink specializes in two-way connection integration platforms for learning management systems. Its platform facilitates single-sign-on, content integration, grade pass-back, and rostering, enabling seamless access to educational resources.

EveryDay Labs

Series A in 2021
EveryDay Labs develops toolkits and attendance intervention reports to help educators partner with families and promote equitable opportunities for all students. Founded in 2015 and based in Redwood City, California, the company combines behavioral science, data science, and family engagement to reduce chronic absenteeism and optimize districtwide student supports.

Rhithm

Seed Round in 2021
Rhithm is a wellness check-in tool designed to enhance the well-being of students and staff. The platform utilizes a simple emoji assessment to gather user data, which allows it to select and launch a brief, tailored activity video aimed at regulating well-being. This personalized approach helps users engage in short video activities that promote mental and emotional health. Additionally, Rhithm provides dashboards that display aggregated data, enabling schools and districts to monitor and compare well-being across different campuses. By facilitating these wellness check-ins, Rhithm empowers educational institutions to understand the effectiveness of their wellness initiatives and foster a healthier environment for both students and educators.

EveryDay Labs

Venture Round in 2020
EveryDay Labs develops toolkits and attendance intervention reports to help educators partner with families and promote equitable opportunities for all students. Founded in 2015 and based in Redwood City, California, the company combines behavioral science, data science, and family engagement to reduce chronic absenteeism and optimize districtwide student supports.

Paper

Venture Round in 2020
Paper is an educational technology company that provides personalized tutoring support for students. Its platform offers live help, essay feedback, real-time reports, and intervention tools to facilitate learning and assist teachers. Founded in 2014, Paper is headquartered in Montreal, Canada.

Swing Education

Series B in 2018
Swing Education, Inc. is a technology company based in San Mateo, California, that operates an online platform designed to connect K-12 schools with substitute teachers. Founded in 2015, the company addresses the challenges schools face in filling temporary staff absences, which are prevalent in the educational system. On average, U.S. students spend approximately 5% of their school year with substitute teachers, which can disrupt learning continuity. The platform streamlines the process of finding, screening, and scheduling substitute teachers, alleviating administrative burdens for school leaders and ensuring quality coverage for hard-to-fill positions. This marketplace not only benefits schools by providing on-demand access to substitutes but also allows teachers to secure desirable assignments throughout the academic year.

BookNook

Seed Round in 2018
BookNook offers synchronous learning technology and virtual high dosage tutoring for K-8 students. It focuses on improving reading and math skills through engaging, rigorous exercises, supporting hundreds of school districts nationwide.

KickUp

Seed Round in 2017
KickUp develops a SaaS-based analytics platform that helps K-12 organizations differentiate teacher support through data-driven insights. Its platform enables professional learning teams to coordinate efforts, improve decision-making, and track real-time data from surveys to align with district strategic goals.

Schoolrunner

Venture Round in 2017
Schoolrunner LLC is a Denver-based company that provides a comprehensive student data system designed for educators and schools. Launched in 2012, its platform enables teachers to track various aspects of student performance, including academics, attendance, and behavior. The system integrates seamlessly with existing student information systems, offering tools for data analysis through graphs, pivot tables, and dashboards. Additionally, Schoolrunner facilitates the tracking of standards mastery and generates progress reports and report cards. Its features also include a mobile app for monitoring student communications and the ability for students to log in and track their own progress. The platform aims to enhance classroom management and foster a positive school culture through systematic behavior tracking and incentivization strategies.

Pear Deck

Seed Round in 2015
Pear Deck, Inc. is a software development company focused on the education sector, established in 2014 and headquartered in Iowa City, Iowa. The company offers an interactive online platform that enhances the learning experience by enabling teachers to connect with students in a virtual classroom setting. Its flagship product allows for synchronized learning experiences, where presentations are displayed simultaneously on projectors and student devices. This innovative approach blurs the lines between instruction and assessment, fostering active engagement and data-driven teaching methods. Pear Deck's platform supports learners of all ages and abilities, facilitating improved educational outcomes by ensuring that every student can participate and benefit from tailored instructional moments. As of late 2020, Pear Deck operates as a subsidiary of Liminex, Inc.

LearnPlatform

Seed Round in 2015
LearnPlatform, Inc. is an educational technology management company that develops a platform designed to help educators manage, measure, and enhance the effectiveness of their learning environments. Founded in 2014 and located in Raleigh, North Carolina, LearnPlatform serves a diverse clientele, including schools, districts, states, higher education institutions, and various educational stakeholders. The platform facilitates the organization and analysis of classroom technologies, providing educators with tools to evaluate and share educational products and practices within a collaborative peer community. Through its services, which include impact analysis, rapid edtech assessments, professional development, and consulting, LearnPlatform aims to improve educational outcomes and optimize technology usage across thousands of schools, benefiting over 150,000 educators.

ClassWallet

Seed Round in 2015
ClassWallet, Inc. is a funds management and tracking platform based in Hollywood, Florida, founded in 2014. The company specializes in providing a digital wallet solution tailored for public education systems, facilitating the management of various funds, including classroom stipends, student activity funds, and grants. ClassWallet's technology streamlines the purchasing and reimbursement process, significantly reducing administrative overhead and paperwork. By integrating e-commerce capabilities with a reloadable debit card system, ClassWallet ensures that public funds are utilized effectively and in compliance with regulations. The platform serves a wide range of clients, including state government agencies and school districts across 32 states, enabling them to maximize the potential of over $2.7 billion in public funds. Additionally, ClassWallet features an integrated marketplace that connects users with major retailers and service providers, enhancing their purchasing options. In 2023, the company was recognized as one of the fastest-growing private companies in the U.S., reflecting its impact in the educational sector.

Story2

Seed Round in 2015
Story2, LLC is an online platform that specializes in essay writing and storytelling, aimed at assisting students in navigating the college admissions process. Founded in 2011 and based in New York, the company offers a tool called EssayBuilder, which helps users plan, organize, and craft their college admission essays while allowing them to share their narratives with peers. In addition to this, Story2 provides essay coaching solutions that include personalized feedback and one-on-one online coaching to enhance students' chances of gaining admission to selective colleges. The platform emphasizes the importance of storytelling in developing writing confidence and persistence, not only for college applications but also for job searches and professional development. By encouraging the use of personal narratives, Story2 aims to help students articulate their unique experiences and aspirations, ultimately facilitating their success in higher education and beyond.

ThinkCERCA

Venture Round in 2014
ThinkCERCA is an educational technology company that offers a personalized literacy platform aimed at enhancing students' reading, writing, and critical thinking skills through argumentative writing. The platform enables educators to design, share, deliver, and assess lessons while tracking real-time progress in reading and writing. It fosters collaborative discussions and debates in classrooms, allowing students to engage with various subjects through the process of argumentation. With a presence in all 50 states and 130 countries, ThinkCERCA has partnered with notable education leaders and has received recognition for its innovative approach, including being a finalist for the SIAA CODiE Awards and being featured by The Atlantic and EdSurge. The company has also been acknowledged by Common Sense’s Graphite as one of the best tools in educational technology.

Uvize

Seed Round in 2014
Uvize, Inc. is an education technology and publishing company based in Boulder, Colorado, founded in 2011. The company specializes in providing an online mentoring platform that enables organizations, including universities, veterans' organizations, and entrepreneurship networks, to launch and manage mentoring programs. Uvize's platform offers tools for custom branding, automated setup, and analytics, allowing users to create impactful mentor relationships and optimize team potential. In addition to its mentoring services, Uvize provides online academic advisor tools, personalized assessments, and study plans to support students in their academic journeys. The company also publishes resources aimed at helping veterans transition from military to academic environments, as well as maintaining a blog that offers practical advice for college success. Uvize, Inc. operates as a subsidiary of SonderMind LLC as of 2016.

Netchemia

Seed Round in 2007
Netchemia is a prominent provider of cloud-based talent management software tailored for K-12 educational organizations. The company offers intuitive solutions designed to help school districts recruit, hire, develop, and retain top educators and school leaders, ultimately aiming to enhance student achievement. Netchemia's TalentEd suite includes tools for applicant tracking and hiring (TalentEd Recruit & Hire) and performance evaluation (TalentEd Perform), serving over 1,100 educational organizations nationwide. By streamlining administrative tasks, the software enables school leaders to concentrate on finding and developing the best teachers and staff, fostering their growth and effectiveness.
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