or public schools looking to improve their curricula, it's hard to argue with a free product.
That has proved to be a good thing for Web-based education company Everfi, which has raised $11 million in Series A financing from New Enterprise Associates and Eric Schmidt's TomorrowVentures, as well as angels including Michael Chasen, chief executive of Blackboard, which sells a learning management system.
Everfi provides Web-based learning programs for students, particularly in public schools, focusing on subjects that are not covered in traditional courses, such as nutrition and wellness, personal finance and student loan management.
The company's curriculum is different from the traditional textbook model because it includes 3-D animated gaming-oriented applications. For example, for a lesson about stocks, students virtually visit the New York Stock Exchange and learn how to make a trade, while for a section about student loans, students virtually go to a college campus and learn how to fill out forms and the like.
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