Enduvo, Inc.

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Enduvo, Inc. - overview

Established

2017

Location

Peoria, IL-Illinois, US

Primary Industry

Software

About

Enduvo, Inc. specializes in transforming educational content into immersive training experiences using augmented and virtual reality technologies, catering to a diverse clientele across multiple industries. Founded in 2017 in Peoria, US, Enduvo, Inc. focuses on creating engaging training solutions.


The company has secured USD 4. 000 mn in total funding, with the latest Seed round occurring on July 15, 2020, led by Math Venture Partners and with participation from UL Ventures. The founders include Justin Drawz and Matthew Bramlet, and the current CEO is Steve Garrou. Enduvo specializes in transforming existing educational content into immersive training experiences utilizing augmented reality (AR) and virtual reality (VR) technologies.


The platform allows users to integrate various media types, including images, videos, 3D models, and scans, enabling a rich and engaging training environment. Enduvo's core offering enhances the training process for organizations across multiple industries by providing a scalable solution that allows for ongoing adaptation and modification as content needs evolve. Target customers include educational institutions, corporate training departments, and military organizations, particularly those interested in innovative training methodologies. While the company serves clients primarily in North America, there are also engagements with customers in Europe and Asia, reflecting a broader strategy of addressing global training challenges.


Enduvo's revenue model is primarily based on subscription services, which allows clients to access and utilize the immersive training platform. Transactions typically occur through annual or monthly subscription agreements, catering to a range of users from individual educators to large organizations. The pricing structure is designed to accommodate various client needs, facilitating partnerships with educational institutions and corporate clients who seek to enhance their training efficacy. While specific pricing details for individual services or flagship products were not disclosed, the flexible subscription model positions Enduvo to capitalize on a diverse clientele and foster long-term relationships with its users.


The company’s focus on providing scalable training solutions positions it favorably in an expanding market for AR/VR educational tools. Enduvo plans to leverage the recent Seed funding of USD 4. 000 mn to enhance its platform and expand its product offerings. The company aims to develop new immersive training products designed for various sectors, targeting launch by late 2021.


Additionally, Enduvo is working to penetrate international markets, including Europe and Asia, to broaden its customer base. The funding will support these initiatives, positioning the company for growth in the evolving AR/VR training landscape.


Current Investors

UL Ventures, Caerus Institute, Math Venture Partners

Primary Industry

Software

Sub Industries

Education & Training Website, Education & Training Services, Social Networking & Communication Platform, Multimedia & Graphics, Education & Training Software

Website

www.enduvo.com

Verticals

Virtual Reality (VR)

Company Stage

Angel & Seed

Total Amount Raised

Subscriber access only

Enduvo, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
SeedCompletedEnduvo, Inc.-
SeedCompletedEnduvo, Inc.-

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