Education Intelligence Company, Innovare, Raises $2M in Additional Seed Funding Despite Economic Downturn with Support from Existing and New Investors In the U.S. and Mexico
Chicago-based EdTech company, Innovare, announced that it has raised $2M in additional seed funding to continue to scale its impact on education leadership via its cloud-based strategy and analytics platform Inno™️. The company has raised $5M to date. Investors in this round include Cleveland Avenue of Chicago whose CAST US fund invests in diverse Chicagoland founders that offer unique tech-driven solutions to address systemic social issues, Mexico City/Austin-based Dux Capital, Chicago-based Tawani Ventures, and returning investor Portfolia's Rising America Fund of San Francisco, among others.
"We are proud to inspire additional venture interest in our platform; given the current economic environment, we're more committed than ever to leverage our technology to ensure the impact of education and philanthropic investments across the US and beyond," said AJ DeLeón, Co-Founder and CEO, whose experience in the nonprofit, education and philanthropic sectors including working for Chicago Public Schools and the Gates Foundation spans more than two decades. Innovare's founding team also includes Chief Growth Officer Nicholas Freeman, former Chicago Public Schools data strategist, and Chief Product Officer, Fernando DeLeón, former Google Product Development Program Manager and Accenture Management Consultant. Most team members have former experience as educators and academic administrators and they fully represent the diversity of our nation's schools, with a majority identifying as women, LGBTQ+, and people of color.
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