In recent dealmaking news, education fund tracking platform ClassWallet and college technology platform AdmitHub received funds from the investment community.
ClassWallet Picks Up Minority Investment: ClassWallet, a platform that streamlines the tracking of education funds, has closed a minority investment from Brentwood Associates, according to a statement. Several existing ClassWallet investors also participated in the funding round.
In partnership with Brentwood, ClassWallet will accelerate its product roadmap and invest in sales and marketing efforts to help expand distribution, according to the statement. The platform is currently used in over 850 schools.
AdmitHub Raises $2.95 Million: Ed-tech startup AdmitHub, which builds conversational artificial intelligence to guide students on the path to and through college, has raised $2.95 million in seed funding, according to a statement on The PE Hub Network. The funding round was co-led by Relay Ventures and Reach Capital, with participation from University Ventures and others.
The company said the new funding will be used by AdmitHub to grow its team of AI engineers and build out its sales team, with the goal of expanding its technology platform and scaling its reach to more colleges in the US and abroad.
EDUGILD Partners with JMDedu and Edtech Israel: Pune, India-based edtech startup accelerator EDUGILD is collaborating with JMDedu China and Edtech Israel to help Indian startups expand to these countries, according to press reports.
JMDedu is a community platform for the China’s ed-tech industry; Edtech Israel is a business hub that attempts to connect the Israeli ed-tech community with international entrepreneurs, investors, and business partners.
This new partnership will integrate TeacherLists’ supply list functionality with MemberHub’s school sites and mobile application, according to a statement.
TeacherLists says its platform converts lists from all schools and all teachers “into a standardized, flexible format that is fundamentally transforming what was an inefficient and frustrating process for schools and parents.”
Be sure to check back on Marketplace K-12 for updates on mergers, acquisitions, fundraising, and other dealmaking.