About ClassWallet
ClassWallet is a company based in Miami (United States) founded in 2014. ClassWallet has raised $106.69 million across 8 funding rounds from investors including Techstars, Education Growth Partners and Guidepost Growth Equity. ClassWallet offers products and services including Digital Wallet and Marketplace. ClassWallet operates in a competitive market with competitors including Ramp, Navan, Brex, PowerSchool and Brightwheel, among others.
- Headquarter Miami, United States
- SectorsEducationTechnology Travel & Hospitality Financial Services
- Website category Science and Education · Education
- Website classwallet.com
- Social LinkedIn X Facebook
- Legal Name Kleo, Inc.
- Total Equity Funding$106.69M (USD)
in 8 rounds
- Latest Funding Round$95M (USD), Series A
Aug 2023
- InvestorsTechstars
& 14 more
Products & Services of ClassWallet
ClassWallet offers a comprehensive portfolio of products and services, including Digital Wallet and Marketplace.
Platform for secure management and spending of public funds
Facilitates vendor transactions for public fund recipients
Funding Insights of ClassWallet
ClassWallet has successfully raised a total of $106.69M across 8 strategic funding rounds. The most recent funding activity was a Series A round of $95 million completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $106.69M
- Total Rounds 8
- Last Round Series A — $95M
- First Round $20,000
(Oct 2014)
- Investors Count 15
All 8 funding rounds of ClassWallet with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2023 | $95M | Series A | – | Guidepost Growth Equity | |
| Mar 2023 | – | Seed | – | Guidepost Growth Equity | – |
| May 2018 | $2.3M | Seed | – | Florida Funders, Rainfall Capital | |
| Feb 2018 | $735,000 | Seed | – | Florida Funders | – |
| Dec 2016 | $1.1M | Seed | – | Brentwood Associates | – |
| Apr 2016 | $5.63M | Seed | – | – | |
| Jul 2015 | $1.9M | Seed | – | NewSchools Venture Fund, Kaplan Ventures | |
| Oct 2014 | $20,000 | Seed | – | – |
15 investors in total: 14 institutional and 1 angel.
Investors in ClassWallet
ClassWallet has secured backing from 15 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Techstars, Education Growth Partners and Guidepost Growth Equity.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Growth-stage companies are targeted for investment by Guidepost Growth Equity. | – | guidepostgrowth.com | Boston, United States | |
PE firm investing in North America and Europe | 2009 | edgrowth.com | Stamford, United States | |
Venture capital investments are provided to early-stage tech startups. | – | floridafunders.com | Tampa, United States | |
Early-stage investments are provided by Rainfall Ventures to innovative founders. | 2013 | rainfallcap.com | - | |
Early-stage investments are provided to transformative technology companies. | – | svangel.com | San Francisco, United States | |
Brentwood Associates is engaged in growth-oriented private equity investments. | – | brentwood.com | Los Angeles, United States | |
US Edtech companies are invested in by NewSchools Venture Fund. | – | newschools.org | Oakland, United States | |
Early-stage tech investments are targeted in China and the US. | – | sinovationventures.com | Beijing, China | |
Startups are accelerated globally without sector restrictions through structured programs. | 2006 | techstars.com | New York, United States | |
Venture capital firm investing in educational & tech sectors | – | kaplanventures.com | Miami, United States |
Investor details for ClassWallet
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of ClassWallet
29 people are tracked at ClassWallet (14 in leadership, 15 in team).
| Name | Role | Group |
|---|---|---|
Jamie Rosenberg | Founder & Executive Chairman | Leadership |
Stephen Lindeman | Chief Executive Officer | Leadership |
Robin Simkins | Sr. Director, Culture And Employer Brand | Leadership |
Sarah Raybon | Vice President Of Business Development | Leadership |
Sujey Acuna | Director, Customer Success | Leadership |
David Welborn | Head Architect | Leadership |
Jason Hart | Vice President, Communications | Leadership |
Daniel West Cohen | State Director | Leadership |
Meg Wagner | State Sales Director, Government Sector | Leadership |
Chris Cordes | Head Of People | Leadership |
Kathryn M. | Chief Legal Counsel | Leadership |
Chris Tranquellino | Head Of Product | Leadership |
Eddie Butler | VP, Engineering | Leadership |
Alex Doernberg | Director, Contracting And Legal Operations | Leadership |
Oksana Lishchuck | Engineer | Team |
Michelle Calafato | Manager, Proposals Team | Team |
Carlos Rodriguez | Customer Success | Team |
Carlos Gutierrez | Customer Success | Team |
Gustave Umana | Customer Success | Team |
Raquel Carballo | Customer Success | Team |
9 more people are available in the full profile.
Complete people profiles for ClassWallet
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of ClassWallet
3 dated milestones of ClassWallet across 9 years, from founding to its latest funding, stage changes and deals.
- Founded ClassWallet is founded.
- Funding First funding round of $20K.
- Funding Latest funding round, Series A, of $95.0M.
Competitors of ClassWallet
ClassWallet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ramp, Navan, Brex, PowerSchool and Brightwheel, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ramp.com | 2019 | New York, United States | $2.13B | – | Spend management and accounts payable solutions are delivered to businesses. | |
| navan.com | 2015 | Palo Alto, United States | $1.58B | 847 | Corporate travel and expense management are facilitated through SaaS platform. | |
| brex.com | 2017 | Draper, United States | $1.16B | – | SaaS-driven credit card and spend management solutions platform for businesses | |
| powerschool.com | 1997 | Folsom, United States | $32M | 2,270 | Cloud-based software for K-12 education is provided. | |
| mybrightwheel.com | 2014 | San Francisco, United States | $88.8M | 404 | Online platform for preschool management and parent updates is offered. | |
| anthology.com | 1996 | Boca Raton, United States | $128.6M | – | LMS and CRM solutions are provided for educational institutions. | |
| concur.com | 1988 | Bellevue, United States | – | – | Corporate travel expenses and invoices are managed via SaaS platform. | |
| goguardian.com | 2014 | Los Angeles, United States | $200M | 237 | School devices and student activities are monitored via AI platform. | |
| emburse.com | 2002 | San Francisco, United States | $7.25M | 9 | Corporate cards and expense management are offered to businesses. |
Detailed competitors of ClassWallet
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of ClassWallet
The website of ClassWallet (classwallet.com) receives about 493.9K visits a month and ranks #73,088 among all websites worldwide, #4,595 in Education.
- Monthly visits493.9K
▲ 5.3% vs previous month
- Unique visitors110.5K
per month
- Global rank#73,088
among all websites
- Category rank#4,595
Science and Education · Education
- Bounce rate22%
- Pages per visit7.5
- Average visit8 min 25 sec
- DevicesDesktop 52% · Mobile 48%
Websites whose visitors overlap most with ClassWallet. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| azed.gov | 100% | 485.8K | #95,605 | View details | |
| outschool.com | 91% | 2.6M | #22,403 | View details | |
| clever.com | 81% | 120.1M | #502 | View details | |
amblesideonline.org | amblesideonline.org | 73% | – | #144,791 | – |
spedtex.org | spedtex.org | 73% | – | #853,579 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 30 similar websites and full traffic analytics for ClassWallet
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 30 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Classwallet
Complete news archive for ClassWallet
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to ClassWallet
10 companies that operate in the same segment as ClassWallet (Education Technology Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of a platform providing gamified language learning through interactive exercises | 2011 | Pittsburgh, Pennsylvania, United States | USD 183.3 M | USD 748.02 M | 830 | |
Online educational resources and test preparation for exams are provided. | 2016 | Noida, Uttar Pradesh, India | USD 311.77 M | USD 415.66 M | 10,293 | |
Cloud-based software for K-12 education is provided. | 1997 | Folsom, California, United States | USD 32 M | USD 47.59 M | 1,308 | |
AI-powered robots are provided as companions for children. | 2015 | Mumbai, Maharashtra, India | USD 106.21 M | – | – | |
Online platform for preschool management and parent updates is offered. | 2014 | San Francisco, California, United States | USD 88.8 M | – | – | |
Real-time classroom behavior feedback is delivered to students by teachers. | 2011 | San Francisco, California, United States | USD 221.22 M | – | – | |
Integrated edtech systems are provided for K-12 schools. | 2012 | Mumbai, Maharashtra, India | USD 172.32 M | USD 43.22 M | 1,149 | |
Cloud-based learning management systems are provided for educational courses. | 1999 | Salt Lake City, Utah, United States | USD 88.85 M | – | – | |
High-quality K-12 curriculum and assessments are provided by Amplify. | 2000 | Brooklyn, New York, United States | USD 215 M | – | – | |
One-to-one online English tutoring is provided by 51Talk. | 2011 | Beijing, China | USD 89 M | USD 95.85 M | 539 |
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Frequently Asked Questions about ClassWallet
ClassWallet was founded in 2014.
ClassWallet is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
ClassWallet is a funded company, having raised a total of $106.69M across 8 funding rounds to date. The company's 1st funding round was a Seed of $20K, raised on Oct 2014.
ClassWallet was founded in 2014 and is based in Miami, United States. A SaaS platform is operated to deliver digital wallet solutions tailored for educational institutions. Services include online merchant access for educational resources, end-to-end reimbursement management, digital receipt capture, and approval workflows. Operations focus on streamlining financial processes within the education sector across the U.S.
ClassWallet offers Digital Wallet and Marketplace.
ClassWallet has 15 investors. Key investors include Techstars, Education Growth Partners, Guidepost Growth Equity, Lazard Asset Management, and Florida Funders.
ClassWallet operates through Kleo, Inc..
The website of ClassWallet receives about 494 thousand visits a month and ranks #73,088 among all websites worldwide.