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Fish Project
1. Chris Prattos, Emily Albi, Daniel Delfico, James Driscoll, Luke Reilly, Ray Ren
November 29th, 2017
1
2. Agenda
2
Introduction
History of the Fund
Organizational Overview
Fund Overview
Selection Process
Company Recommendation
Conclusion
Appendix
Impact investing Overview
Executive summary & Recommendation
3. Team Introduction
3
Emily Albi
Freshman
Finance & Economics
Daniel Delfico
Sophomore
Finance & Italian
James Driscoll
Junior
Economics & Statistics
Luke Reilly
Sophomore
Finance & Economics
Chris Prattos
Sophomore
Business Analytics
& ACMS
Ray Ren
Sophomore
Finance & ACMS
4. Agenda
4
Introduction
History of the Fund
Organizational Overview
Fund Overview
Selection Process
Company Recommendation
Conclusion
Appendix
Impact investing Overview
Executive summary & Recommendation
5. Executive Summary
5
Recommendation
Management
Collaborators
Portfolio Companies
Background
Prospect the Rise Fund and prepare capital allocation to co-investment in the next
open funding round or next impact focused fund
• $3 billion -TPG Growth III,LP : Vintage year- 2015 with 13.7% Net IRR
• $2 billion -TPG Growth II, LP : Vintage year- 2011 with 25.0% Net IRR
• $74 million - Elevar Equity III : Vintage year – 2015 with undisclosed Net IRR
• $74 million - Elevar Equity I: Vintage Year 2010 with undisclosed Net IRR
Impact Investing
Industry
Industry continues to become more attractive as more experienced professionals business
move into this space due to improvements in making social and fanatical impact
• Bill McGlashan’s continued commitment to impact investing in emerging markets
• Group of all star philanthropist, entrepreneurs, and professionals contributing their
talents and resources
6. Recommendation
6
We recommend:
• Building a relationship and further prospecting TPG Growth
• Prepare capital allocation for the next open funding round TBA
• Co-Invest in TPG Growth with a 5-year horizon focused on U.S. VC
with a sustainable impact
Mutualistic
relationship
between
collaborators,
leadership team,
and founders
board
Unique and holistic
selection process of
portfolio companies
designed to manage
and monitor to meet
social and financial
benchmarks
Previous exits
successes done
by TPG Growth
and other TPG
funds
7. Agenda
7
Introduction
History of the Fund
Organizational Overview
Fund Overview
Selection Process
Company Recommendation
Conclusion
Appendix
Impact investing Overview
Executive summary & Recommendation
8. Global allocation of Impact Investing funds is primarily centralized in USA. The Rise Fund
has collaborators and investments worldwide to maximize their potential impact
82017 Annual Impact Survey
9. The Impact investing space continues to grow as more professionals and opportunities
increase within the industry, enabling most to capture market-like performance
9
Performance and Expectations2016-2017 Impact Investment Activity
Based on the Annual
Impact Investor Survey
2017, investors
continue to be satisfied
with the performance
of their investments
YOY Industry Progress & Challenges
Professionals with relevant skill sets- 90%
Research and data in Industry- 89%
High-quality investment opportunities- 86%
Appropriate capital across risk/return
spectrum- 52%
Common understanding of segmentation-47%
Suitable exit option – 44%
% Noting Progress % Noting Challenges
2017 Annual Impact Survey
10. Agenda
10
Introduction
History of the Fund
Organizational Overview
Fund Overview
Selection Process
Company Recommendation
Conclusion
Appendix
Impact investing Overview
Executive summary & Recommendation
11. A number of people and organizations contribute diverse expertise to ensure successful
investments of this $2 billion fund
11
TimelineHistory
December 2016
Present Day
Dec. 20
January 2017
Apr. 26
May 4
May 17
Aug. 15
• TPG Growth, the global growth equity and middle-market buyout platform
of PE firm TPG, announces creation of the Rise Fund
Rise Fund Press Release
• Announces involvement of Elevar Equity and The Bridgespan Group as
collaborators
• Founders Board made up of 13 highly accomplished global philanthropist,
activist, and business leaders
Collaborators + Board
Investments
• Lead investor of series D round; 4 rounds; investment of $190 million;
raised $251 million
EverFi, Inc
• Growth investment of $49.99 million; raised $70.14 million
Dodla Diary limted
• Venture round; 2 rounds; raised $12 million
Brava Home, Inc.
• Lead Investor of series A round; 2 rounds; raised $1.6million
Dharma Humanitarian Solutions, LLC
S&P CapIQ, TPG Growth Press Release, Crunchbase
12. Agenda
12
Introduction
History of the Fund
Organizational Overview
Fund Overview
Selection Process
Company Recommendation
Conclusion
Appendix
Impact investing Overview
Executive summary & Recommendation
13. TPG Growth functions within TPG as the broader global alternative investment platform. Its past
and continued success sets the stage for a very successful Rise Fund.
13
Background
• Founded in 2007 to specialize in growth equity and middle-
market buyout opportunities
• Works with companies across the U.S, Europe, Africa, and Asia
• Currently manages $8.4 billion in assets across a variety of
sectors
• High focus on engagement in sustainability and the community
• Number of Exits: 14, Number of lead Investments: 26, Number
of Investments: 62
TPG Growth Investments
Past Performance of TPG funds
Investment name Vintage year Investment Strategy Net IRR
TPG Growth I, LP 2007 Buyout – Mid 10.6%
TPG Growth II, LP 2011 Buyout - Mid 25.0%
TPG Growth III, LP 2015 Buyout – Mid 13.7%
TPG Partner IV, LP 2003 Buyout – Large 15.9%
TPG Partner V, LP 2006 Buyout - Mega 5.5%
TPG Partner VI, LP 2008 Buyout – Mega 13.3%
As of
September
29,2017
As of June
30, 2017
S&P CapIQ, Therisefund.com, Crunchbase, Lacers Portfolio Advisors, State of New Jersey- Department of the Treasury
14. Elevar Equity functions as the perfect complement to TPG Growth for the Rise Fund due to
its past successes and focus on Impact Investing in India
14
Background
• Focused on generating investment returns by delivering
essential services to disconnected communities
• Investment Stage: Seed, Early Stage Venture, Late Stage
Venture, Private Equity
• The Elevar method: human centered venture capital- PEOPLE
are the core of their investing experience
• “We have led Investments in 30 companies across 7
countries who have serve over 20 million clients.”
Past Funds
• First institutional investor in 27 companies and the founding
investor in 13
• Past funds
• 11/11/15 – Elevar Equity III – 74 mil
• 1/1/10 – Elevar Equity I – 74 mil
• 1/1/07 – Elevar Equity Unitus Equity Fund – 24m
• Number of Exits: 4
• Number of lead Investments: 13
• Number of Investments: 29
Elevar Equity companies
Key Management
Sandeep Farias: Founder and MD
• 20 years of experience in diverse areas: emerging
markets investing, microfinance, governance,
organizational design and corporate law
Johanna Posada: Founder and MD
• Has 17+ years of experience in emerging
markets investing, corporate finance,
microfinance and economics
S&P CapIQ, ElevarEquity.com, Crunchbase
15. A partnership between TPG Growth and Elevar Equity will generate a
mutually beneficial relationship
15
Collaborator Opportunity
Collaborator
Avoidance
Collaborator Synergy
Collaborator Opportunity
Entrepreneurial
Meritocracy
Global
Connections
People Focused
Proven Financial
Performance
Ideal Collaborator Fit
Collaborator Alignment Boundary
Social
Responsibility
16. Elevar Equites focus on investing in people along TPG Growth will help democratize
essential services for millions of customers
16
John Pleasants, CEO
• Specialty: Consumer technology industry
• Bachelors at Yale & M.B.A at Harvard
• Former EVP of Media Solutions at Samsung
• Former CEO of Ticketmaster from 1999-2005
• Former Co-President of Disney Interactive
Media Group
• Handled development & launch of
Disney Infinity
Jesse Berns, Co-Founder & CEO
• Specialty: Epidemiologist and Biostatician,
Data science
• UC Berkeley in Epidemiology & Biostatistics
• Director at the Impact Lab in D.C
• Epidemiologist Consultant for World health
Org. Iraq
• Data scientist at the Impact Lab, a data
consultation firm for social concerns
BVK Reddy, CEO
• Specialty: Dairy Industry
• 30 years of experience in the dairy industry
• Osmania University in Dairy Technology
• Has collaborated in the past with Cornell
University
• Travels globally to remain updated on all latest
dairy-related developments
Tom Davidson, Co-Founder & CEO
• Specialty: Education Technology
• BA at Bowdoin College
• 20 years of experience in the education
technology industry
• Youngest committee chair of the Utilities and
Energy Committee in Maine
• Top 100 Entrepreneur Innovator by EY and GS
17. Agenda
17
Introduction
History of the Fund
Organizational Overview
Fund Overview
Selection Process
Company Recommendation
Conclusion
Appendix
Impact investing Overview
Executive summary & Recommendation
18. Overview of The Rise Fund
Leadership
Bill McGlashan: Founder and MP of TPG Growth
• MD and MP of TPG Capital (joined in 2006)
• Has founded and served in executive roles of various
companies, including STX Entertainment, Pharmanex, LLC.,
Vectis Group, LLC.
Michael Stone – Chief information officer
• Senior Advisor and Partner at TPG Growth
• Founder and Managing Member of Freestyle Capital and
Freestyle Investors
• Started Career in management consulting at Bain & Company
Jeff Skoll: One of the largest backers of social entrepreneurs
• Canadian engineer, internet entrepreneur and film
producer. He was the first employee and subsequently
first president of eBay,
Paul David Hewson or Bono!
• Irish singer-songwriter, musician, venture capitalist,
businessman, and philanthropist. He is best known as
the lead vocalist and primary lyricist of rock band U2.
Founders board
Team behind the Steam
Collaborators: TPG Growth, Elevar
Equity, and The Bridgespan Group
Leadership: 10 highly skilled and
experienced professionals
Founders Board: 13 highly
accomplished global philanthropist
and business leaders
leadership
S&P CapIQ, Therisefund.com, Crunchbase, Bloomberg
Founders
Board
Collabora-
tors
19. Agenda
19
Introduction
History of the Fund
Organizational Overview of Collaborators
Fund Overview
Selection Process & Sector Involvement
Company Recommendation
Conclusion
Appendix
Impact investing Overview
Executive summary & Recommendation
20. Evidence-Based Impact
Investing
Quantitative Metrics End-to-end assessment
TPG Growth plans to make its unique approach of measuring financial and
social impact public, as a “blueprint” for others to follow
20
Examples of “Evidence-Based Impact Investing”
• The Rise Fund was able to track the increase in
household income achieved by farmers who sell
Dodla Dairy milk to determine the company’s
value as a potential investment
• With Everfi Inc., TPG quantified the savings
related to health-care and legal costs that result
from participation in the firm’s education
programs on topics such as sexual assault
prevention
S&P CapIQ, Therisefund.com, Crunchbase, Bloomberg
• Defined 30 key metrics, aligned
with UN Sustainable
Development Goals
• Enables impact to be
achievable and measurable
through quantifiable
assessment
• Partnered with the Bridgespan
Group to create rigorous set of
metrics for measuring impact
• Quantify in dollar amount to
evaluate impact & financial
performance
• Sourcing- Invest in companies
that fit investment criteria
• Diligence- Quantitatively
estimate potential impact
• Investment- Manage & monitor
investments
• Exit- Assess & report impact
Impact Metrics
Traditional growth-
equity metrics
•CAC to LTV
•Cash flows
•Expense control
Rise Specific
Metrics
•Impact Multiple of
Money threshold
•Company specific metrics
•Third party providers to
asses and enhance impact
21. TPG Rise Fund’s 7 Sector Focus
21
Build businesses that help reduce hunger, increase food security, and
promote sustainable agriculture.
Build businesses that expand access to educational attainment, boost educational
achievement, and strengthen pathways to employment.
Build businesses that enable affordable, reliable, sustainable, and modern energy for
all.
Build businesses that expand financial inclusion, with the goal of reducing poverty by
increasing household and small business earnings and enabling access to essential services.
Build businesses that reduce the cost of health care, increase access to high-quality health
services and health-saving interventions, and decrease malnutrition,
Build businesses that accelerate digital inclusion and leverage software and mobile technology to
drive efficiency, productivity, and innovation in education, etc
Build business that provide stable, affordable housing, efficient
transportation, and low-cost input materials for the production of basic
goods.
Therisefund.com
22. Current sector involvement
22
Energy Agriculture and Food
• Brava Home manufactures
ovens that use 90% less energy
than conventional ovens,
making such appliances a
viable solution for reducing
household energy
consumption and emissions
• Brava CEO John Pleasants
says that devices such as the
smart oven fit into the
company’s plan to, “build a
system that makes it easier to
cook and eat well at home.”
Dodla Initiatives
• Access to affordable animal feed for farmers
• Helped more than 2300 farmers secure funding
• GRPS enabled electronic milk analyzers which
generate reports and enable quick payment
disbursement
• Free workshops on best farming practices (animal
health care and clean milk production)
23. Current sector involvement
23
• By driving and simplifying data collection with Dharma, the
Rise Fund fulfills its vision of “driving global impact through
uncompromised business performance”
• Dharma has recently been tested and proven successful in
extreme situations such a rural medical clinics in Iraq,
hurricanes Harvey and Irma, and the humanitarian crisis in
Syria
Dharma Humanitarian Solutions
Social Mission
• For-Profit, For-Good
• Online coursework in:
• General education
• Financial literacy
• Harassment
prevention
• Substance abuse
• Theory of Change: Break the
cycle of poverty and abuse
through mass education
Financial Outlook / TPG’s Vision
• Currently profitable and
expanding
• High relative market share
• Series D: $190 M (TPG, RISE,
Main St. Advisors, Jeff Bezos,
etc.)
• Opportunities for Growth:
Impoverished areas, Native
American Reservations, and
corporate partnerships
24. Agenda
24
Introduction
History of the Fund
Organizational Overview of Collaborators
Fund Overview
Selection Process & Sector Involvement
Company Recommendation
Conclusion
Appendix
Impact investing Overview
Executive summary & Recommendation
25. A financial services or infrastructure focused social enterprise would add value and
diversity to the Rise Fund’s portfolio
25
Selection Criteria
Must be in one of the
untouched sector
Fit with the Rise Fund’s
vision
Has a social and financial
focus
Has a large opportunity for
growth
Impacts a region outside of
USA
Possible Investments
26. 26
Company History
• Founded in 2011
• HQ in NYC, regional office in
Tanzania. Operates in
emerging markets.
• May 2016 announces
partnership with microfinance
leader FINCA (6 African
countries)
Investment Opportunity: Firstaccess
Social Mission
• Technology predicts the credit
risk of borrowers in informal
markets
• Theory of Change: reduce cost
of capital and spur
development in emerging
markets through increased
lending
Financial Outlook / TPG’s Vision
• Series A (Nov 2017): $7M from Bamboo Capital Partners, Impact
Engine, and Accion Venture Lab, 500 FinTech, etc.
• Technology serves to reduce risk, lower costs, increase speed of loan
decisions, and expand pool of eligible borrowers internationally
• Opportunities for Growth:
• 77% of African adults remain excluded from the formal
financial system
• Mobile phones = faster, easier outreach
27. Agenda
27
Introduction
History of the Fund
Organizational Overview of Collaborators
Fund Overview
Selection Process & Sector Involvement
Company Recommendation
Conclusion
Appendix
Impact investing Overview
Executive summary & Recommendation
28. Summary of Key Factors
28
Team behind
the steam
• Combined talent and experience of the collaborators, leadership team, and
founders board
• Capable of global reach, management and monitoring of ideal companies
Proven
Performance
• TPG Growth’s funds I-III have an averaged net IRR of 16.4%
• Elevar Equity & the Bridgestone Group have been successful in their own
pursuits
Impact
Measurement
• Combination of traditional growth equity metrics and quantitative metrics
produced by The Bridgestone Group
• End-to-end assessment and management of investments to ensure the
companies reach impact and financial benchmarks
29. Agenda
29
Introduction
History of the Fund
Organizational Overview of Collaborators
Fund Overview
Selection Process & Sector Involvement
Company Recommendation
Conclusion
Appendix
Impact investing Overview
Executive summary & Recommendation
31. Brava Home Inc.
31
• Brava Home Inc. is a domestic Internet of Things company that
integrates automation technology into the home, with a focus on
developing kitchen appliances
• Brave Home operates in the Household Appliance space of the
Consumer Discretionary industry
• The company was founded in 2015 and is based in Newark,
California
• Brava Home is an early stage venture that has raised a total of
$12M, having recently completed a round of Series B funding
• Investors include Lightspeed Venture Partners, True Ventures,
Lead Edge Capital Management, as well as TPG
Funding
Revenue and Growth Management Team
Investment Highlights
John Pleasants, CEO
• John Pleasants is a long time Silicon Valley executive and veteran
of the consumer technology industry
• Former CEO of Ticketmaster from 1999-2005
• Joined Brava as a CEO from Samsung where he was the head of
Executive Vice President of Media Solutions
• Also has held executive positions at Playdom and Electronic Arts
Thomas Cheng, Co-Founder & CTO
Dan Yue, Co-Founder & CPO
• Thomas Cheng is a serial hardware entrepreneur with more than a
decade of IoT experience
• He was the co-founder of the company Streetline Networks, where
he led development of what was formerly the largest commercial
sensor network
• Has authored a multitude of patents
• Dan Yue was the co-founder of Playdom, one of the leading
developers of social games for Facebook
• He also co-founded Green Chef, an organic ingredient and recipe
delivery service
• Brava has developed technology-enabled appliances with strong capabilities,
like an oven that uses 90% less energy than a conventional oven
• Recent trends in healthy eating have sparked demand for and funding of
companies that produce food related technologies
•TechCrunch, a news source for technology startups, reported that Brava is
“building a system that makes it easier to cook and eat well at home.”
32. Brava and TPG’s Vision
Brava and TPG’s Vision The Energy Sector
Due to the contribution of current power sources to climate change, demand for renewables and energy efficient products is increasing, leading to an increase in
investment opportunity and profitability within the sector.
Sector Leadership
Other Investments
Mission: Build businesses that enable affordable, reliable, sustainable, and
modern energy for all.
• In 2014, TPG’s Alternative and Renewable Technologies
(ART) fund invested in Ebes
• Ebes is a Brazilian downstream solar company that
manufactures and engineers, installs, integrates, and
operates photovoltaic systems for customers
Rick Needham, Energy Sector Lead
• Served as the Director for Energy & Sustainability at Google from
2008 to 2016
• Led several projects in clean energy as Vice President of Business
Development at DEKA
The Energy Problem
• Over two billion people lack
access to reliable energy
• 60% of African businesses say
inadequate or unreliable energy
impedes their growth
The Solution
• The energy industry is expected
to require $48 trillion of
investment by 2035
• $6 trillion of that investment
will go toward renewables
• Despite the abundance of potential for renewable energy resources, many people
rely on both dangerous and potentially toxic sources of energy, such as fossil fuels,
coal, kerosene, and animal waste
• By investing in businesses that are dedicated to providing cleaner energy sources,
TPG believes they can provide them with the capital that will empower them to
develop the technologies that will improve our energy system
Energy Agriculture and Food
Brava Home manufactures ovens that
use 90% less energy than conventional
ovens, making such appliances a viable
solution for reducing household energy
consumption and emissions
Brava CEO John Pleasants says that
devices such as the smart oven fit into
the the company’s plan to, “build a
system that makes it easier to cook and
eat well at home.”
Impact Potential
33. 33
Dodla Diary Limited
Overview
Chairman: D. Sesha Reddy has
more than 40 years of industry
experience in assorted capacities
Management
Industry 2017 Performance
• Headquartered in Hyderabad City, Telangana State, India
• Produces, processes, and sells milk products in 9 states of
India
• Products include Fresh Milk, Butter, Ghee, Paneer, Curd,
Flavoured Milk, Doodh Peda, Ice Cream and Skimmed Milk
Powder
• Focus on new technologies and processes
• Key values of hard work, integrity, transparency, sincerity,
honesty, and commitment
Managing Director: D. Sunil Reddy
entered the diary industry in 1995
and has agricultural background
CEO: BVK Reddy joined Dodla in
1997 and plays key role in
directing company strategy
• Standalone revenue of ₹ 1,411.46 Crores during
FY 2017 against ₹ 1,182.01 Crores in FY 2016.
• After tax profit of ₹ 44.39 Crores as against ₹
35.57 Crores
• New Hyderabad plant commencing production
• Increased retail outlets to 65000
• Overseas production in Uganda
• RISE invested $50M in Dodla
• Help upstream milk supplying farmers gain access
to affordable animal feed and veterinary services
• Helped more than 2300 farmers secure funding to
expand production
• Corporate responsibility agenda
34. Dodla Dairy Limited
34
Industry Overview TPG Vision
Dodla Initiatives Measurable Impact
• Reduce world hunger, increase food security, and promote
sustainable agriculture
• Agriculture-driven growth effectively reduces poverty
• India has the most dairy farmers worldwide
• Measures rise in farmer income achieved with the help of Dodla
• Dodla’s procurement strategy and local influence helps alleviate
rural poverty
• Access to affordable animal feed for farmers
• Helped more than 2300 farmers secure funding
• Strict quality checks through the supply chain at collection centers,
chilling centers, and processing centers
• GRPS enabled electronic milk analyzers which generate reports
and enable quick payment disbursement
• Free workshops on best farming practices (animal health care and
clean milk production)
Sources: https://gain.fas.usda.gov/Recent%20GAIN%20Publications/Dairy%20and%20Products%20Annual_New%20Delhi_India_9-29-2016.pdf, https://www.researchandmarkets.com/research/r3dl38/the_indian_dairy,
https://www.bloomberg.com/news/articles/2017-10-03/tpg-seals-record-2-billion-for-rise-impact-fund-co-led-by-bono, http://therisefund.com/impact-measurement.html, http://www.dodladairy.com/images/2016-2017-Corporate-Profile.pdf
• Indian Dairy Industry has INR 5,000
billion valuation, composes >17% of
world production
• 60% of the market revenue from
milk and powdered milk
• 5% of revenue from higher margin
premium sector: yogurt, dahi,
cheeses
• Higher farm gate price for water
buffalo milk ($0.60-$0.67/L) than
cow milk ($0.37-$0.45/L) due to
higher fat and SNF content
• 30 key values aligned with UN Sustainable Development Goals
• Work with Bridgespan Group on refining impact reporting
• Data driven, quantifiable assessment
• CAC to LTV-cost of customer acquisition to revenue generated by
the customer (i.e. 1:3 ratio)
• Minimum threshold for impact multiple of money
$0
$200,000
$400,000
$600,000
$800,000
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Global Milk and Cream
Manufacturing Revenue ($M)
35. Dharma Humanitarian Solutions
35
Overview Management
• Started in 2015, Dharma is a fully-
integrated Software-as-a-Service
(SaaS) data platform that simplifies
data collection, management,
analysis, and visualization
• Information can be collected online
or off, and understood anywhere in
any language on any device
• Especially effective in low-resource
environments, and is currently
beginning to be used by Doctors
Without Borders and World Health
Organization
Jesse Berns, Co-Founder & CEO
Michael Roytman, Co-Founder &
Board Chair
Stefan Nagey, CTO
• Also currently Chief Data Scientist at Kenna
Security, a software-as-a-service Risk and
Vulnerability Intelligence platform
• Current Board Member and Program Director
of Society of Information Risk Analysts
• Forbes 30 under 30 Social Entrepreneurship
• Experienced field Epidemiologist and
Biostatician with the WHO and CDC
• Data scientist at the Impact Lab, a data
consultation firm for social concerns
Funding
• Founder of Inno.vote, a software that
provides accessible and secure elections
via the Internet to Governments
• Proven leadership record and executive
roles in digital creation and
communication
• Dharma doesn’t charge
Non-profits or NGOs for
the software, instead,
their revenue comes
through charging based on
how much data is used
• The Rise Fund led a Series A financing of $14.2
million
36. Dharma and The Rise Fund’s Vision
36
“Build businesses that accelerate digital
inclusion and leverage software and mobile
technology to drive efficiency, productivity,
and innovation in education, healthcare,
financial services, business operations, job
creation, media, and communications.”
•Market for Technology, Media, and
Telecommunications (TMT) was valued at $6
trillion industry as of 2013
•TMT is foundational, allowing for
simultaneous growth and benefits in other
sectors
By driving and simplifying data collection with Dharma, the Rise
Fund fulfills its vision of “driving global impact through
uncompromised business performance”.
• Data collection has a multifaceted impact in developing
areas, and also drives growth in other target sectors such
as healthcare
• Dharma has recently been tested and proven successful in extreme
situations such a rural medical clinics in Iraq, hurricanes Harvey and
Irma, and the humanitarian crisis in Syria
• Not exclusively for non-profits, NGOs, or areas under
immense strain, but also may be used by any company or
individual for their own data needs, thus driving revenue
through a variety of other sources.
Technology Sector Goal The Rise Fund’s Vision
37. 37
Company History
• Founded in 2008
• HQ in Washington, D.C.
• Recently acquired two, smaller
competitors: LawRoom &
Workplace Answers
• Current partnerships include:
• Google, big corps
• K-12 , Universities (16M
students)
EverFi: Education X Technology
Social Mission
• For-Profit, For-Good
• Online coursework in:
• General education
• Financial literacy
• Harassment prevention
• Substance abuse
• Theory of Change: Break the
cycle of poverty and abuse
through mass education
Financial Outlook / TPG’s Vision
• Currently profitable and expanding
• High relative market share
• Series D: $190 M (TPG, RISE, Main St. Advisors, Jeff Bezos, etc.)
• Opportunities for Growth
• Impoverished areas of the United States (Cities, SE, Appalachia)
• Native American Reservations
• New partnerships with corporations to prevent harassment