TransACT Communications, a Lynnwood, Washington-based SaaS provider of engagement, compliance and payment solutions for the education market, received a strategic growth investment from the Polaris Growth Fund.
In conjunction with the funding, Dan Lombard, a Partner at PGF, and Sabrina Chiasson McLaughry, a Vice President at PGF, will join the Board of Directors.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Alex Jarzebowicz, Chief Executive Officer, TransACT provides parent engagement, compliance reporting services, and payment solutions for North American K-12 and HigherEd institutions. Over 6,000 districts and 25,000 schools across North America use its products to maintain compliance, drive efficiency and power user-friendly engagement between administrators and parents.