CONNECT THE DOLLARS: Connexeo, a Minneapolis-based company that provides administrative and payment software used in schools and community organizations, has raised $110 million in a growth equity investment round from Great Hill Partners, a Boston-based private equity firm. In the press release, the company claims to serves “tens of thousands of global clients in the US, Australia and New Zealand,” including K-12 and higher-ed institutions.
According to the StarTribune, Connexeo is “a new company name and branding that will unify four existing but complementary products—some of which go back about 30 years—that are coming together under one name with the help of private equity funding.” These tools include class registration tools, food service programs, and administrative and assessment tools for music organizations.
