ClassWallet, a Hollywood, Florida-based provider of a digital wallet-based purchasing and reimbursement platform for public funds, raised $95M in funding.
The round was led by Guidepost Growth Equity, and included Education Growth Partners and Lazard Family Office Partners.
The company intends to use the funds to accelerate its growth.
Led by CEO and Founder Jamie Rosenberg, ClassWallet is a provider of a purchasing and reimbursement platform for public funds. Its patented digital wallet technology ensures that public funds get to the right people and are used for the right purpose with full compliance safeguards. Its integrated marketplace of retailers and service providers includes Amazon, Office Depot, Home Depot, Best Buy, Staples, Michaels, Scholastic, Varsity Tutors and more. ClassWallet is used for multiple education, early childcare, scholarship, workforce development and emergency assistance government programs across 32 states.
