Fueled By Rapid Growth, SchoolMint Funding Nears $8 Million
SAN FRANCISCO, CA (PRWEB) February 10, 2016 -- SchoolMint, the leading provider of mobile and online enrollment and school choice systems for PreK-12 public, charter and private schools, today announced that their recent Series A round brings total funding to close to $8 million. The $5.6 million round was led by Runa Capital, with participation from Reach Capital (New Schools), Fresco Capital, Govtech Fund, Kapor Capital, Crosslink Capital, Maiden Lane Ventures, CSC Upshot, and individual investors Jared Kopf, Josh Reeves (Founder and CEO of Gusto), and Tomer London (Founder of Gusto). The capitalization is part of the company’s rapid growth as it moves into an increasing number of districts and schools throughout the country.
Founded in 2013, SchoolMint is now used by more than 2,000 schools in 70 cities in 30 states and four countries, and serves more than 1.5 million PreK-12 students. The company is seeing notable expansion in large urban markets—including recent partnerships with districts in Indianapolis, Camden and Cleveland—as it drives implementation of support-driven enrollment and technology platforms for school choice initiatives.
“We’re excited to have moved into more than 500 schools in the past four months alone,” says Jinal Jhaveri, SchoolMint CEO. “School districts, charter schools, and independent schools are seeing the ways that SchoolMint can exponentially benefit their enrollment process. We’re really enthused to be able to help more schools redefine their end-to-end enrollment experience and make the process more efficient for their staff and more user-friendly for parents.”
SchoolMint’s growth will be further accelerated by hiring top tier talent. The company recently appointed Lory Pilchik as the Chief Marketing Officer. Lory’s marketing and leadership skills, along with her track record of success in the education sector, will expand SchoolMint’s footprint and impact. The funding also supports hiring within the Customer Success, Sales, and Marketing teams, ensuring clients’ continued delight as the company grows.
“SchoolMint has provided us with a comprehensive system that immediately streamlined our enrollment and registration processes,” notes Kevin Alin, Executive Director of School Choice and Enrollment with Cleveland Metropolitan School District. “The intuitive design has made it easy for our staff and parent community to seamlessly embrace this new best-in-class technology, and the dedicated SchoolMint team has been with us every step of the way. Adopting this technology platform has made a previously tedious and costly process significantly easier.”
SchoolMint transforms PreK-12 school registration with its easy-to-use and efficient online enrollment and communication system. SchoolMint automates the entire enrollment and registration process and provides real-time insights and predictive analytics. The platform also supports school choice, manages waitlists and lotteries, and supports year-round parent communications and school fee collection.
“It’s thrilling to watch the positive change that schools experience when adopting SchoolMint. After years of struggling with outdated methods, schools can now make the process much more efficient and provide a much improved experience for both staff and parents. It’s rewarding to be a part of something that creates positive change in education. SchoolMint is growing so fast because they have a great product that meets a vital need,“ notes Andre Bliznyuk of Runa Capital, who will be joining SchoolMint’s board as a part of this funding round.
About SchoolMint
SchoolMint provides a cloud-based student enrollment and school choice platform to PreK-12 independent, charter, and district schools. Since its founding in 2013, more than 2000 schools worldwide have chosen SchoolMint to streamline all aspects of student enrollment and registration, school choice, lottery management, fee collection, and year-round parent-school communication. Available online and on mobile devices, SchoolMint’s user friendly design transforms the end-to-end enrollment experience for district staff and parents. Visit http://www.SchoolMint.com to learn more.
Rachael Ballard, KEH Communications, +1 (410) 975-9638, [email protected]
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