Kinvolved Closes $1.5M Seed Funding Round

Kinvolved, a NYC-based provider of software and services reducing chronic absenteeism and boost daily attendance, secured $1.54M in its second seed funding.

The round was led by the Draper Richards Kaplan Foundation (DRK)—a global venture philanthropy firm supporting early-stage, high-impact social enterprises—with its managing director, Stephanie Khurana, joining Kinvolved’s board of directors, with participation from Twilio.org Impact Fund, New York Ventures, Excell Technology Ventures, GingerBread Capital, and u2i.

The company intends to use the funds to continue to support sales growth, deepen product research and development, and expand its client services offerings.

Led by co-founder and CEO Miriam Altman and co-founder and CPO Alexandra Meis, Kinvolved is a social enterprise on a mission to increase student achievement by minimizing absenteeism. Its holistic approach combines technology tools and human interventions to change the deeply ingrained behaviors and external factors affecting student attendance and chronic absence, including poverty, racism, and socio-economic exclusion.

FinSMEs

05/11/2018