Schoolmint Raises $5.6 Million For Its Online Student Enrollment Platform

Next Story

From Nokia’s Snake Game To Supercell, Finland’s Gaming Industry Is Serious Business

Digital enrollment, where parents can go online on their desktops or mobile phones, to register their children for school, seems like an obvious way to harness the power of the internet to simplify and digitize a transaction that still relies on analog methods far too often.

The need is so apparent that it’s no wonder SchoolMint, a software as a service tool that for digital enrollment in kindergartens, pre-schools, elementary schools, and high schools around the country,has raised $5.6 million in its latest round of funding.

The new investment was led by Runa Capital, with participation from a slew of heavy-hitters in the budding fields of education-focused and government-focused investments like Reach Newschools Capital, Fresco Capital, the Govtech Fund, and Kapor Capital.

Institutional investor Crosslink Capital, and both Maiden Lane Ventures and CSC Upshot (the American and Chinese venture funds affiliated with the angel investment site, AngelList) participated as well.

According to chief executive officer Jinal Jhaveri, the company has plenty of room to run and little in the way of independent competition. The company’s only other competitor, Infosnap, was acquired by PowerSchool, a company owned by the private equity firm Vista Equity Partners.
SchoolMint will use its new money to expand its user base beyond the 2,000 schools that the company is currently working with.
In all, SchoolMint works with schools in 70 cities and 30 states across two countries, and reaches the families of more than 1.5 million children, according to a statement.
Featured Image: Rob Marmion/Shutterstock