K-12 Dealmaking: ClassWallet Raises $2.3 Million; Achieve3000 Partners With iCivics

Contributing Writer

ClassWallet, a spend management platform for school districts, raised funds. Also, Achieve3000, a provider of differentiated instruction solutions, formed a partnership with civics educational materials provider iCivics.

ClassWallet Raises $2.3 Million: Financial technology startup ClassWallet raised $2.3 million in funding to expand product offerings and add to its business development and support staff, the company said in a statement.

Florida Funders and Rainfall Ventures led the round, which included many notable Silicon Valley angel investors, as well as follow-on investments from Brentwood Associates and other current investors. Previous round investors include NewSchools Venture Fund and Sinovation Ventures. The funding for the South Florida-based ClassWallet is an extension of its seed round, the company noted. To date, ClassWallet has raised over $7 million.

“The new funding will help us to support the growing demand for our product as most school districts are seeking ways to reduce administrative overhead and improve quality control,” ClassWallet founder and CEO Jamie Rosenberg said in a statement.

ClassWallet is a spend management platform that reconciles and pays for transactions in a completely cashless, paperless, and automated manner. Its software aims to streamline manual, time-intensive tasks of collecting receipts, reconciling invoices and statements, making vendor and reimbursement payments, and data entry required to meet annual audit requirements.

Reasoning Mind Partners With Renaissance: Pre-K-12 learning analytics company Renaissance announced that Reasoning Mind, a Houston-based nonprofit organization that develops blended learning math programs for pre-kindergarten through eighth grade students, has become a Renaissance Growth Alliance partner.

The organizations plan to integrate their complementary solutions by August 2019 to provide Texas educators with personalized instruction that helps increase students’ math outcomes, according to a statement.

“We’re proud to work with Reasoning Mind to support math achievement for students in Texas,” said Paula O’Gorman, senior vice president of corporate affairs at Renaissance. “The organization has a strong history of supporting math instruction in several states by empowering educators with solutions that help motivate and engage students.”

Achieve3000 and iCivics Form Partnership: Achieve3000, a provider of differentiated instruction solutions, and iCivics, a provider of civics educational materials, are partnering to offer middle and high school students government and civics readings designed specifically for their grade “so that students can learn the fundamentals of American democracy at their own individual reading levels,” according to an announcement.

Through the partnership, Achieve3000 will add 30 of iCivics’ student readings to its platform. Achieve3000 will apply its method of online differentiated instruction to the content, aiming to make “it easy for students to digest critical–but sometimes complicated–material so all students can read, discuss, and debate core U.S. civics and government topics,” the companies said.

Founded in 2009 by Justice Sandra Day O’Connor, iCivics has created 19 games and hundreds of lesson plans to teach K-12 students the fundamentals of American democracy.

“We’re excited to extend our focus on educational equity to civic education and are humbled to partner with iCivics to do so,” said Stuart Udell, CEO of Achieve3000. “This is a winning solution for teaching the principles of democracy in the broadest possible way.”

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