Tuesday, July 2, 2024
HomeEdTech MarketAbre Raises $24M in Series A Investment to Fuel Growth

Abre Raises $24M in Series A Investment to Fuel Growth

-

Abre, the most prominent modern data solution for K–12 that supports the values that have made it a reliable partner for educational institutions across the country, recently announced a significant milestone with the closing of a Series A investment round led by PeakSpan Capital, with follow-on participation from JumpStart Ventures, JobsOhio Growth Capital Fund, and Golden Angels Investors. This latest funding will support the company’s mission to open learning communities by connecting what matters.

Abre 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’s commitment to streamlining processes, enhancing collaboration, and improving student outcomes has garnered widespread recognition and adoption among school districts nationwide.

Speaking on the fundraising, CEO of Abre, James Stoffer, said:

We are thrilled to have the confidence of such a distinguished group of investors at PeakSpan Capital and the ongoing support from many of our early investors. This investment validates our vision and strategy and provides us with the resources needed to accelerate our growth and deliver impactful solutions to our school and district clients as well as their administrators and staff, community partners, families, and students.

With this financing, the company will continue to innovate Abre’s data solution, a unique blend of personalized services tailored to each district partner’s specific needs and cutting-edge technology designed to enhance data intelligence for all stakeholders supporting students both inside and outside the classroom. It will also utilize the funds to broaden its market reach, fortify its team across crucial departments, and seize emerging opportunities in the EdTech sector.

Sanket Merchant, Partner at PeakSpan Capital and Head of the firm’s EdTech practice, led the investment and will join the Abre Board of Directors. He stated:

Abre sits squarely in a thesis we’ve been developing for years and highlights the importance (and opportunity) behind data intelligence. Districts nationwide need help operationalizing student data and effectively providing students with academic, emotional, and community support. The data is alarming, and we must do much more to transform student outcomes fundamentally. We could not be more thrilled to partner with the Abre team to capitalize on the forward opportunity – democratizing data intelligence, transforming student outcomes, and creating what we believe will be the central hub for the modern U.S. K-12 district.

For regular updates about Moodle, eLearning and edtech industry, please visit us regularly at https://lmsdaily.com. You can also like us on Facebook or follow us on Twitter, or Subscribe our YouTube Channel.

How to use Moodle Book

 
Jaswinder Singh
Jaswinder Singhhttps://lmsdaily.com
I am an experienced Moodle Professional with experience in Moodle Course Creation, Moodle Setup, Moodle Integration, Moodle Training, Moodle Support & troubleshooting. YI am the author of popular books - "How to use Moodle 4.1" and "how to use Moodle 2.7". I work with one goal in mind “CUSTOMER SATISFACTION” – whether this means working to achieve results within a specific deadline (or beating the deadline), or with a focus on solid quality, if my client requires the job to be done I will go out of my way to achieving whatever it is that is necessary to do so. Basically, I can take care of your all Moodle requirements so that you can focus on your core job and I will manage your Moodle LMS.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Popular Posts

Authentica Solutions Raises $6.2M in New Funding to Expand Its Operations

Authentica Solutions, a leader in data integration and intelligence management solutions for the education sector, has recently announced the successful completion of a $6.2...

Moodle Admins – Create custom reports in Moodle using Configurable reports plugin

Moodle LMS is the most popular open source learning management system with more than 420+ million users in the world. Wherever elearning is used...

Moodle Teachers – How to use the Ordering Question type in Moodle

Moodle 4.4 - the latest major version of the Moodle LMS is packed with a lot of exciting new features. One of such is...