Certification Platform Certiverse Gets $11M Series A Led by Cherryrock

Certiverse, founded in 2023 by Ruben Garcia, Pablo Meyer and Federico Lopez, has closed an $11 million Series A round led by Cherryrock Capital. The company wants to make certification exam development cheaper and faster than the traditional way.

Disrupting the Certification Space

Certifications have been a key tool for professionals to upskill and boost their job prospects. But developing these exams has been expensive and time consuming. Certiverse claims to be the solution, allowing companies to create certification exams for a fraction of the cost.

According to CEO Ruben Garcia, developing certification exams with legacy providers like Pearson Vue and Prometric can cost up to $150,000. With Certiverse, companies can create up to 10 certification exams in a year for under $10,000 per exam. And the platform reduces the time to launch a new certification program from industry standard of about a year to significantly less.

Trusted by Leading Brands

Certiverse already has a strong client base, working with companies like The Linux Foundation and HashiCorp. The platform’s flexibility and automation allows companies of all sizes to create and distribute certification exams fast and cost effective.

Garcia, who co-founded and sold Innovative Exams, has deep industry experience. He believes certifications can be life changing for professionals and that lowering development costs will make skills validation more accessible.

Strategic Fundraising and Growth

Garcia led a strategic and efficient fundraising process, talking to around 50 firms over 45 days. The Series A round included investors like Chingona Ventures, Hyde Park Venture Partners and Zeal Capital Partners. This round brings Certiverse’s total funding to over $16 million.

The new capital will enhance automation, making it even easier for companies to create exams. Certiverse’s goal is to onboard 1,000 new clients and partners and become the certification industry leader.

As the demand for affordable and cost effective certifications grows, Certiverse is the game changer in the professional certification space. With strong investor backing and a plan to scale the platform, the company is going to change how exams are created and delivered.