Innovare, a Chicago, IL-based EdTech company, raised $2M in additional seed funding.
Backers included Cleveland Avenue of Chicago whose CAST US fund invests in diverse Chicagoland founders that offer unique tech-driven solutions to address systemic social issues, Mexico City/Austin-based Dux Capital, Chicago-based Tawani Ventures, and returning investor Portfolia’s Rising America Fund of San Francisco, among others.
The company, which has raised $5M to date, intends to use the funds to continue to scale its impact on education leadership via its cloud-based strategy and analytics platform Inno, to continue to grow across the largest education markets in the United States. Innovare’s future roadmap includes the launch of the first edtech marketplace to match educators with vetted solutions to their most pressing problems.
Founded in July of 2017 by AJ DeLeón, Innovare provides a web-based application, called Inno™, which aggregates the siloed data of K-12 schools such as student information systems, standardized assessments, attendance, reading and math ed-tech programs, and spreadsheets, into one personalized dashboard. The platform enables leadership teams to develop data-driven strategies, build a continuous improvement culture, and measure real-time impact using the synthesized data. In nonprofit organizations, the application is used by executive directors and boards to visualize impact data, manage key initiatives, and measure program ROI.
Innovare’s founding team also includes Chief Growth Officer Nicholas Freeman, former Chicago Public Schools data strategist, and Chief Product Officer, Fernando DeLeón, former Google Product Development Program Manager and Accenture Management Consultant.
FinSMEs
07/04/2023