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Allovue Raises $5.1M Series A Round for K12 Financial Analysis Platform

ALLOVUE has raised a $5.1 million Series A round led by Rethink Education. Red House Education, Serious Change II, Kapor Capital and Baltimore Angels also participated. This round brings Allovue's total funding up to $6.9 million, and with it the Baltimore, MD-based company plans to expand its customer success and leadership teams by hiring 35 new people in 2016, which would more than triple the size of the company. Allovue makes “Balance,” an accounting platform for school districts, which the company launched this year.

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