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Allovue Nets $800K from Investors, Including TEDCO

02/06/2014

Allovue LLC, a Baltimore-based education technology company, celebrated its first birthday and announced the closing of an $800k seed investment round. Founded by former Baltimore City teacher Jess Gartner, Allovue is a graduate of the 2013 AccelerateBaltimore cohort, an initiative of the Emerging Technology Center and the Abell Foundation. In addition to the initial $25,000 investment from the accelerator, Allovue’s investors include the Maryland Technology Development Corporation (TEDCO), Baltimore Angels, and Shulman Ventures.

Allovue, an education resource planning and analytics platform for K-12 schools and districts, has grown rapidly in its first year of operation. “Closing this seed round in the first month of the new year marks a critical shift for Allovue,” said CEO Jess Gartner. “We’re transitioning away from a year of intensive research, development, and testing, and into the next growth phase of scaling our products to school districts across the county.” After piloting their school level product in 2013, the startup will use its funding to launch their district level product, with robust enhancements to the
school version, for the 2014 fiscal year.

“There’s a lot of momentum in the Baltimore edtech ecosystem right now,” said Gartner, “and we’re excited that Allovue is part of this emerging economic sector in the region.”

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