Lowenstein Sandler represented PeakSpan Capital as the lead investor in the $24 million Series A round in Abre, K-12's #1 modern data solution. The round included participation from JumpStart Ventures, JobsOhio Growth Capital Fund, and Golden Angels Investors.
The investment will be used to continue innovating Abre's data solution—an intentional blend of technology focused on better data intelligence for all stakeholders supporting students in and out of the classroom, and services designed to meet the unique needs of each district partner. Additionally, the funding will enable Abre to expand its market reach, strengthen its team across key departments, and capitalize on emerging opportunities across the EdTech landscape.
Abre's software serves as a one-stop-shop that integrates data from hundreds of EdTech platforms across a school district. These data points are integrated to paint a 360-degree view of a student across key areas of social-emotional well-being, enrollment, attendance, intervention, academic performance, and more, without requiring a huge amount of effort from administrators or building staff. The company's commitment to streamlining processes, enhancing collaboration, and improving student outcomes has garnered widespread recognition and adoption among school districts nationwide.
PeakSpan Capital is a leading growth equity firm with $1.5 billion in assets under management ("AUM"), investing exclusively in high-growth business-to-business (or "B2B") software companies. PeakSpan is committed to its mission of being the partner of choice for best-in-class, emerging growth-stage software entrepreneurs and teams who are looking to scale sensibly and capitalize on strategic, high-quality market opportunities. PeakSpan has partnered with 70+ high-growth B2B software businesses and combines deep domain expertise within a select number of themes with an active partnering approach to help entrepreneurs drive excellent risk-adjusted growth and value creation.
Since 2020, Lowenstein has represented PeakSpan in funding rounds for such startups as Arist, Konnecto, Tapcheck, Dispatch, FinPay Holdings, Leasecake, Rallyware, and Ecwid.
The Lowenstein deal team included Anthony O. Pergola, Sarah Gore, Amy S. Mushahwar, Bryan Sterba, Manali Joglekar, Brianne L. Polito, Kelsey Repka, Tolulope Adetayo, Storme McKop, and Chynara Tolubaeva.