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§ Private Profile · Baltimore, MD, USA
Financial management software for K-12 school districts. Administrators use it to budget, track, and allocate spending for equitable resources.
Allovue has raised $12.8M across 5 funding rounds.
Key people at Allovue.
Allovue has raised $12.8M in total across 5 funding rounds.
Based in Baltimore, Maryland, Allovue develops financial management software and advisory services designed to help K-12 school districts allocate, budget, and track education spending. The company operates a subscription software as a service model centered on its flagship Balance platform, which superintendents and district chief financial officers use to manage tens of billions of dollars in public education budgets. Between 2020 and 2023, the platform played a notable role in helping state departments of education track the influx of federal pandemic relief funds. Prior to its acquisition, the fully remote organization grew its workforce to 37 employees and secured approximately $18 million in venture capital funding. Allovue received financial backing from institutional investors including Rethink Education and Kapor Capital before being acquired by technology corporation PowerSchool in January 2024. The enterprise was founded in 2013 by Jess Gartner.
Allovue has raised $12.8M in total across 5 funding rounds.
Allovue's investors include Larry Handen, Kapor Capital, Rethink Education, Serious Change, Matt Greenfield, Bonsal Capital, Baltimore Angels, Steve Kupfer, Serious Change II, Baltimore Boost Fund, Red House Education.
Key people at Allovue.
Allovue has raised $12.8M across 5 funding rounds. Most recently, it raised $4.0M Series A in February 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 10, 2019 | $4M Series A | Larry Handen | — | Announced |
| Apr 27, 2018 | $2M Series A Plus | Kapor Capital, Rethink Education, Serious Change | — | Announced |
| Dec 1, 2015 | $5M Series A | Matt Greenfield | Bonsal Capital, Baltimore Angels, Kapor Capital, Steve Kupfer, Serious Change II | Announced |
| Jun 11, 2015 | $1M Seed | — | Baltimore Angels, Baltimore Boost Fund, RED House Education, Serious Change II | Announced |
| Feb 1, 2014 | $800K Seed | — | Bonsal Capital | Announced |
Allovue is a technology company that builds an education resource-planning platform for K-12 schools and districts, empowering educators to allocate resources strategically to support student needs through financial analysis software that connects spending to outcomes.[1][2] It serves district officials, principals, school administrators, and state departments of education, solving the problem of opaque budgeting by integrating with existing financial systems to provide visualization, analytics, optimization, workflow support, and decision-making tools for over $50 billion in annual K-12 spending.[1][2][3] The platform offers dynamic, user-friendly data for budgeting, management, and evaluation, including supplemental services like funding equity analysis and financial training, with strong growth evidenced by $14 million in total funding across seven rounds and acquisition by PowerSchool to enhance its data and analytics suite.[2][3]
Allovue was founded in February 2013 in Baltimore, MD, by Jess Gartner (CEO & Founder), alongside a team of educators, technologists, education finance experts, and data specialists who recognized the critical link between budgeting decisions and student success.[1][2][4] Key early team members included CTO Ted O'Meara (expert in user experience and full-stack development with a Master's in Human Computer Interaction), Jason Becker (Harvard Strategic Data Project fellow who developed Rhode Island's state education funding formula), and Rosalyn Savarimuthu (former Citigroup VP with experience in school financials at Afton Partners).[1] The idea emerged from their shared expertise in education finance and data-driven decision-making, aiming to build innovative solutions for equitable resource allocation; early traction came via unconfirmed investors like Bonsal Capital, John Cammack, and Abell Foundation, leading to a full product-ready stage with integrations for real-world district use.[1][2]
Allovue rides the edtech wave of data-driven resource optimization, where K-12 districts face mounting pressures from funding inequities, post-pandemic recovery, and demands for measurable student outcomes amid tightening budgets.[2][3] Its timing aligns perfectly with the rise of AI-enhanced analytics in education (prevalent by 2025), enabling precise spending tied to metrics like equity and readiness, while market forces like ESSER fund sunsets and state-level reforms amplify needs for tools like Allovue's.[1][2] By influencing districts and states handling billions, it shapes the ecosystem toward outcome-based financing, now amplified via PowerSchool's North American dominance, fostering broader adoption of integrated platforms that blend finance, SIS, and analytics to drive systemic efficiency.[2][3]
PowerSchool's acquisition positions Allovue for accelerated expansion within a comprehensive K-12 suite, with next steps likely including AI integrations for predictive budgeting, deeper state-level scaling, and global outreach as edtech consolidates.[2][3] Trends like personalized learning analytics and equity mandates will propel it, evolving its influence from niche finance optimizer to core infrastructure for evidence-based education policy. This builds on its educator-empowering foundation, transforming how schools turn constrained dollars into student success at national scale.
