Business

Dec. 19, 2013 11:15 am

AccelerateBaltimore grad Allovue about to close $600K funding round

One-sixth of the money is from the Maryland Technology Development Corporation, and another $215,000 was invested by the Baltimore Angels investment group.

Jess Gartner.

Edtech startup Allovue is getting close to closing a funding round of $600,000.

One-sixth of the money is from the Maryland Technology Development Corporation, and another $215,000 was invested by the Baltimore Angels investment group.

According to the Baltimore Business Journal, Allovue founder Jess Gartner “expects to use the money to develop new products and add to Allovue’s six-person staff.”

As Technical.ly Baltimore has reported, Allovue was one of six startups in the second class of AccelerateBaltimore, the three-month accelerator program run by the Emerging Technology Center. Gartner’s startup develops software that helps principals and school administrators at the K-12 level track how schools’ budget dollars are allocated.

Right now Gartner, 27, is splitting time between Baltimore and New York City, as Allovue is one of a handful of startups participating in the second class at edtech incubator Socratic Labs.

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Andrew Zaleski

Andrew Zaleski is a freelance journalist in Philadelphia and the former lead reporter for Technical.ly Baltimore. Before moving to Philadelphia in June 2014, he was a contributing writer to Baltimore City Paper and a Tech Check commentator for WYPR 88.1 FM, Baltimore city’s National Public Radio affiliate. He has written for The Atlantic, Outside, Richmond magazine, Washington City Paper, Baltimore magazine, Baltimore Style magazine, Next City, Grist.org, The Atlantic Cities, and elsewhere.

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