Portfolio Update: We Invested in Certiverse!
Angeles Ventures is excited to announce its investment in Certiverse!
Certiverse addresses the lack of competition, limited options for learners, and high costs in the exam and certification industry. Traditional exam development requires significant capital investment and extended timelines, creating monopolies with limited competition.
Founded in 2020 by Ruben Garcia, Certiverse is an awarded certification exam platform poised to be a global leader in testing services. The platform integrates project management, crowdsourcing, and AI to reduce development timelines and costs by up to 75%.
Certiverse is supported by experienced Chicago investors, including Hyde Park Ventures and Chingona Ventures. Additionally, it has been awarded by Google for Startups, ATP, and ITCC. Angeles Ventures General Partner, Adela Cepeda, stated, “We are sure that Ruben Garcia with his impressive track record will disrupt the certification industry”
Meanwhile, David Olivencia, also a General Partner at Angeles Ventures, commented, “Certiverse has the perfect combination of a talented founder and a pain-killing solution in an industry that has not innovated in years.”
We chose to invest in Certiverse for the following reasons:
1. Massive certification market.
Certiverse is targeting the $15B Global Assessment Services market in 2023 (Research and Markets) and is projected to reach $28B by 2030, registering a CAGR of 9.7%.
2. Strong traction.
The platform has dozens of active customers and is experiencing triple-digit YoY growth. Multi-billion market cap companies such as Linux, Adobe, Stripe, and others have trusted them with developing exams.
3. Pain-killer Solution
There are limited options for learners and high costs for many exams and certifications due to the lack of competition and expensive content and vetting. Certiverse helps organizations develop exams in a matter of weeks so that test applicants can earn their certifications at a reasonable cost.
“Certiverse is dedicated to providing the industry’s most advanced and frictionless exam development and delivery solutions,” said Ruben Garcia. “Our live remote proctoring underscores our commitment to innovation and user experience. By building and managing this technology in-house, with an eye toward constant and rapid evolution, we are setting new standards for quality and control in the industry.”
4. Talented Team
CEO and Co–Founder, Ruben Garcia’s former company, Innovative Exams, had a successful exit to PSI Services. The other founding team members have robust backgrounds in certifications and credentialing services. The knowledge and experience of the team is unparalleled.
5. Portfolio Support Opportunity
Our strong network of senior technology executives will continue to be very beneficial to Certiverse’s growth.
