News Briefs

ClassWallet amasses $95m

Guidepost Growth Equity led the round, which included Education Growth Partners and Lazard Family Office Partners.

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  • The funding will be used to build on ClassWallet’s rapid growth
  • Founded in 2014, ClassWallet is used by state government agencies and school districts across 32 states
  • ClassWallet is headquartered in Hollywood, Florida

ClassWallet, a digital wallet-based purchasing and reimbursement platform for public funds, has secured $95 million in funding.

Guidepost Growth Equity led the round, which included Education Growth Partners and Lazard Family Office Partners.

The investment builds on ClassWallet’s rapid growth and supports its continued efforts to reshape the way government agencies do business.

“ClassWallet has fundamentally transformed the way state agencies and school districts disburse funds,” said Gene Nogi, Guidepost general partner in a statement. “By adopting ClassWallet, state agencies no longer have to struggle with the cumbersome, manual processes that have plagued public fund distribution. We are thrilled to partner with ClassWallet as they expand upon their market leading position.”

Founded in 2014, ClassWallet is used by state government agencies and school districts across 32 states. ClassWallet is headquartered in Hollywood, Florida.