“Kleo solves a huge, pervasive problem in K-12 education – the staggering amount of bureaucracy involved in spending or donating even small amounts of money,” said James Rosenberg, CEO and Founder of Kleo
Miami, Fl (PRWEB) February 11, 2014
Kleo, a startup technology company that offers cloud-based virtual wallets to schools and classrooms, today announced that it has launched an equity investment offering on EarlyShares, a funding platform that connects smart investors with unique opportunities.
Kleo is seeking $1 million in seed funding through its equity offering on EarlyShares, and investors have already begun investing in the campaign. To view the investment offering, go to EarlyShares.com/projects/Kleo.
Due to current SEC regulations, only accredited investors who are registered users of EarlyShares are able to invest in the Kleo offering and other equity investment opportunities on EarlyShares. Interested investors can sign up here and fill out an accreditation questionnaire to determine if they are eligible to invest.
Kleo provides educators with a virtual wallet to collect and spend money in a cashless and trackable environment so that funds can be managed to best support specific classroom needs. By bringing the 21st century convenience of virtual wallets into education, Kleo creates a new cashless paradigm for the way teachers, administrators, and parents handle donating, collecting, and tracking the billions of dollars that flow through the K-12 school system each year. Kleo makes all transactions transparent, saving teachers and administrators both time and money and empowering them to easily leverage funds in order to make a bigger impact on student learning.
Kleo plans to use the funding from its EarlyShares offering to accelerate product development; further execute on its sales and distribution strategy; and strengthen its marketing initiatives to reach a wider audience.
"Kleo solves a huge, pervasive problem in K-12 education – the staggering amount of bureaucracy involved in spending or donating even small amounts of money," said James Rosenberg, CEO and Founder of Kleo and Founder of AdoptAClassroom.org. "Any parent or educator understands the need for Kleo, so I’ve heard from many colleagues who are looking for a way to get involved and help us continue to grow."
"With EarlyShares, any accredited investor will be able to not only support Kleo’s mission, but gain a vested interest in our success," Rosenberg continued. "They’ll also be giving back to the educational community by investing. Five percent of each investment in Kleo through EarlyShares will be deposited in a KLEOaccount™ of a school or teacher of the investor’s choosing."
“At EarlyShares, we believe that entrepreneurs drive disruptive innovation,” said Joanna Schwartz, CEO of EarlyShares. “James has taken his decades of experience in the non-profit K-12 sector and applied them to a widespread problem in education. We’re excited to help him raise the funding necessary to follow through on Kleo’s marketing, sales, and development plans.”
EarlyShares, founded in 2011, is an equity funding platform that posts investment offerings and rewards-based crowdfunding campaigns. By leveraging technology and social media, EarlyShares connects entrepreneurs to accredited investors in support of great ideas.
Other equity offerings are currently open on EarlyShares for BoatSetter, a peer-to-peer venture in the recreational boating industry, and PaletteApp, a startup that offers interior design tools through an online application. For more on those offerings, click here.
To register as an accredited investor and gain access to equity investment offerings from EarlyShares, click here.
Kleo is an early stage technology company that changes the community funding paradigm in K-12 education through its KLEOplatform™. The KLEOplatform™ is a SaaS solution that allows schools, teachers and parents to raise, manage and spend funds in a cashless, transparent environment using a virtual wallet and ecommerce marketplace.
By streamlining the collecting, spending and tracking of funds, Kleo brings economies-of-scale, greater efficiency, more cost savings and increased transparency to a system that for years has relied on cash, checks and brown envelopes.
To learn more, visit http://www.mykleo.com.
EarlyShares, based in Miami, FL, is a funding platform that hosts equity offerings and rewards-based crowdfunding campaigns on EarlyShares.com. The company has created the funding platform of the future, where small investments ignite big ideas. EarlyShares connects individuals, investors, and communities enabling them to invest in companies, support projects, and earn rewards in an efficient, trusted, and secure environment. To learn more, visit EarlyShares.com.