ClassWallet is the leading end-to-end digital solution to manage funding within school systems. The platform combines funds disbursement, e-commerce, a reloadable debit card and tracking in a fully integrated manner designed for maximum simplicity and accountability. ClassWallet brings accountability to a $23 billion system that relies heavily on cash, checks, and purchase orders that add up to 40 percent transaction costs and a fund-spend-track lifecycle that takes weeks. ClassWallet reduces these transaction costs to less than 5 percent, and the transaction lifecycle to same day.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 07/13/15 | $1,900,000 | Seed |
Accelerated Growth Partners Kaplan Ventures MaverixLab NewSchools Venture Fund William Guttman | undisclosed |
| 03/09/18 | $735,000 | |||
| 05/07/18 | $2,300,000 |
Brentwood Associates Rainfall Ventures  | undisclosed | |
| 08/15/23 | $95,000,000 | Growth |
Education Growth Partners Guidepost Growth Equity Lazard Family Office Partners | undisclosed |
