During the first weeks of 2016, Mid-Atlantic Cooley teams advised two edtech companies on their respective venture financings.
Interfolio, a Washington, DC-based edtech company, raised more than $12 million in its first institutional financing. Interfolio makes software for higher education workflows. The round was led by New York-based Quad Partners, with additional funding from previous investors including DC-based NextGen Angels, Middleland Capital and Blu Ventures.
Allovue, a Baltimore-based edtech company, raised $5.1 million in its first institutional financing. Allovue is an education resource-planning platform for K-12 schools and districts that empower administrators to allocate resources to best support the needs of students. Rethink Education led the round, which included investment from Red House Education, Serious Change II, Kapor Capital and Baltimore Angels.
