ClassWallet Raises $1.9M to Simplify School Spending

CLASSWALLET: $1.9 million to Miami, FL-based ClassWallet in a seed round from NewSchools Venture Seed Fund, Kaplan Ventures and William Gutman; existing investors Accelerated Growth Partners and MaverixLab also chipped in. That brings the total funding raised to date to $2.53M.

Founded in 2014, ClassWallet helps educators raise, manage, track and raise money, and offers a payment tool currently accepted by Amazon, Office Depot, Best Buy, School Specialty, Scholastic and other vendors. The company claims to save schools who use their tool save money and simplify their budget tracking by relying less on checks and purchase orders. More details in the release.

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