# ClassTag

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/classtag

- Industry: Internet
- Headquarters: New York, US
- Website: www.classtag.com
- Total disclosed funding: $11M
- Latest round: Seed (Jun 9, 2020)
- Investors on record: 8

## About

ClassTag Inc. is a US-based company that specializes in enhancing communication between schools and families through its innovative platform, facilitating effective engagement and supporting student success.ClassTag Inc. provides a platform designed to enhance school-home interactions. Founded in 2015, the company is headquartered in New York, US. The founders, Jason Olim and Vlada Lotkina, have backgrounds in educational technology. Recently, on August 4, 2023, ClassTag was acquired by SchoolStatus, LLC, a portfolio company of PSG Equity, though financial terms were not disclosed. The company has completed a total of 9 deals and has raised USD 5.00 mn through its Seed round of funding with investors including AlleyCorp, Contour Venture Partners, and others.ClassTag Inc. offers SchoolStatus Connect, an integrated communication platform for enhancing school-home interactions. This platform enables schools to engage with families effectively by communicating in preferred languages and through chosen channels, thereby improving trust and supporting student success. It caters to K-12 educational institutions, teachers, parents, and students across the US, focusing on addressing language barriers and improving communication processes.The revenue model for SchoolStatus Connect is based on subscription services tailored for educational institutions, allowing schools to access various features through annual or monthly plans. This includes functionalities such as messaging, attendance tracking, and student performance metrics. The model fosters a recurring revenue stream from educational institutions through these subscription agreements, alongside potential partnerships that provide additional support and training.In August 2023, SchoolStatus, LLC acquired ClassTag Inc. to enhance its communications application offerings. Following this acquisition, ClassTag plans to leverage its technology to introduce new products aimed at improving school-family engagement. The integration of ClassTag's features into SchoolStatus's offerings is expected to expand the user base and improve market penetration, particularly focusing on the K-12 education sector in the US. The funding from the recent acquisition will support these initiatives by enhancing product development and expanding market reach.

## Funding rounds

- Seed, Jun 9, 2020, $5M — Contour Venture Partners, Founder Collective, TMT Investments, NVP Capital, SmartHub Investments, AlleyCorp
- Seed, Feb 18, 2020, $3.6M — Contour Venture Partners, Founder Collective, TMT Investments, NVP Capital, SmartHub Investments
- Seed, Feb 4, 2019, $2M — Founder Collective, Silicon Badia, NVP Capital, One Way Ventures, SmartHub Investments
- Seed, Dec 18, 2018 — Silicon Badia
- Seed, Apr 15, 2018 — NVP Capital

## Investors

- NVP Capital — Seed
- Silicon Badia (https://capitalatlas.ai/funds/silicon-badia) — Seed
- Founder Collective (https://capitalatlas.ai/funds/founder-collective) — Seed
- One Way Ventures (https://capitalatlas.ai/funds/one-way-ventures) — Seed
- SmartHub Investments — Seed
- Contour Venture Partners (https://capitalatlas.ai/funds/contour-venture-partners) — Seed
- TMT Investments (https://capitalatlas.ai/funds/tmt-investments) — Seed
- AlleyCorp — Seed