Allovue LLC, a Baltimore, Maryland-based education technology company, closed an $800k seed funding.
Backers included the Maryland Technology Development Corporation (TEDCO), Baltimore Angels, and Shulman Ventures.
The company intends to use the funds to launch their district level product, with enhancements to the school version, for 2014.
Founded by CEO Jess Gartner, Allovue is an education resource planning and analytics platform for K-12 schools and districts. The company’s software applications allow district officials, principals, and other school administrators to visualize, analyze, and optimize the impact of spending on outcomes in education. Its flagship product, Balance: The Education Finance Suite, contains applications to analyze school budgets, track and forecast expenditures, identify trends over time, and plan for future capital investments.
The company is a graduate of the 2013 AccelerateBaltimore cohort, an initiative of the Emerging Technology Center and the Abell Foundation.
FinSMEs
06/02/2014