Funderbolt acquired by CampusLogic - Technical.ly Delaware

Business

Apr. 2, 2019 1:40 pm

Funderbolt acquired by CampusLogic

The Delaware-founded education fundraising platform is now fully based in Arizona.
Wilmington Green Box’s Jason Aviles (R) used Funderbolt to raise seed funding for the nonprofit.

Wilmington Green Box's Jason Aviles (R) used Funderbolt to raise seed funding for the nonprofit.

(Courtesy photo)

CampusLogic has acquired Funderbolt (formerly USEED), the Delaware education fundraising software, the company announced Monday.

Based in Phoenix, CampusLogic is an integrated student financial management software company with a goal to improve financial barriers in student access. With the Funderbolt software, which the company is rebranding as SponsoredScholar, students can use the crowdfunding platform to help fund tuition costs, and colleges can use it to raise funds for scholarship programs.

Over the last few years, Funderbolt/USEED has partnered in fundraising projects for schools such as St. Elizabeth’s and Charter School of Wilmington, and nonprofits such as Wilmington Green Box.

“Most of the [Funderbolt] team moved out to Arizona several years ago,” said John Moore, chairman of the former Finderbolt/USEED, in an interview with Technical.ly. “Edtech companies like CampusLogic are able to thrive there.”

“Unfortunately,” said Moore, “while we hosted the world’s first student crowdfunding campaign on the University of Delaware and our cofounders created the precursor of the Horn Center of Entrepreneurship, we weren’t able to find any sponsors among the Delaware higher education bureaucracy.”

With the acquisition, Funderbolt will no longer have a presence in Delaware.

Companies: USEED
-30-
CONTRIBUTE TO THE
JOURNALISM FUND

Already a contributor? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

DuPont’s Nutritional Unit is up for bid in a potential $25B deal

Goodbye Delmarva Broadcasting, hello Forever Media

Dover Downs CEO retires as Twin River acquisition finalizes

SPONSORED

Delaware

These hiring companies want to meet you at NET/WORK Suburbs

Philadelphia, PA - Center City

Odessa

Sr. Project Manager – ERP Implementations

Apply Now

Philadelphia, PA

Vistar Media

QA Engineer

Apply Now

Philadelphia, PA - Center City

Odessa

Business Architect

Apply Now

Multi-brand consolidation is turning Koncordia Group into OneMagnify

Edtech ventures can apply now for the AT&T Aspire Accelerator

5 Delaware startups to make back to school easier

SPONSORED

Delaware

Mastering the ‘halo effect’ in tech recruiting

Philadelphia

Vistar Media

Sr. Software Engineer

Apply Now

Philadelphia

Vistar Media

Front End Engineer

Apply Now

Malvern, PA

Vanguard

Senior Java UI Developer

Apply Now

Sign-up for daily news updates from Technical.ly Delaware

Do NOT follow this link or you will be banned from the site!