Abre, a Cincinnati, OH-based K-12’s data solution company, raised $24M in Series A funding.
The round was led by PeakSpan Capital, with participation from JumpStart Ventures, JobsOhio Growth Capital Fund, and Golden Angels Investors. Sanket Merchant, a Partner at PeakSpan Capital and Head of the firm’s EdTech practice, led the investment and will be joining the Abre Board of Directors.
The company intends to use the funds to accelerate innovation in key areas including data intelligence, data-as-a-service (DaaS), and technology consolidation for school districts, to expand its market reach, strengthen its team across key departments, and capitalize on emerging opportunities across the EdTech landscape.
Led by CEO James Stoffer, Abre provides a software platform that serves as a one-stop-shop that integrates data from hundreds of EdTech platforms across a school district. These data points are integrated to paint a 360-degree view of a student across key areas of social-emotional well-being, enrollment, attendance, intervention, academic performance, and more, without requiring a huge amount of effort from administrators or building staff.
The company also announced a new governing board, including:
- James Stoffer – CEO/President/Chair, Abre
- Chris Rose – Co-Founder/SVP of Product, Abre
- Sanket Merchant – Partner, PeakSpan Capital
- Ashley Keating – Partner, CincyTech
- Paula Reed – Chief Strategy Officer, Teachstone
FinSMEs
11/04/2024