# ClassWallet funding: rounds and investors

> ClassWallet has raised $102M across 7 rounds since 2013. Investors include NewSchools Venture Fund, Techstars and Florida Funders. Every round with its source.

Source: https://millionrounds.com/company/classwallet (Millionrounds; every figure on the page links to its filing or article)

United States · [Growth startup](https://millionrounds.com/companies)

# Who invested in *ClassWallet*

7 rounds we have observed, with the 13 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Financial Services Fintech

Funding summary Updated 26 Oct 2026

**$102M** raised across 7 rounds since 2013, from 7 sources

**$635K** Series A **$635K** Seed **$1.2M** Seed **$1.9M** Seed **$2.3M** Round **$95M** Growth

- **Latest round:** Growth, $95M Aug 2023
- **Step-up i:** 41.3×
- **Investors:** 13

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2013 2015 2017 2019 2021 2023

**$635K** Series A

**$635K** Seed

**$1.9M** Seed

**$2.3M** Round

**$95M** Growth

- **First round:** Series A, $635K
- **Biggest round:** $95M
- **Usual gap between rounds:** 2.8 years

## The rounds

- **Aug 2023** Growth **$95M** *2 new* *3 returning* [Techstars](https://millionrounds.com/fund/techstars) [Sinovation Ventures](https://millionrounds.com/fund/sinovation-ventures) [Florida Funders](https://millionrounds.com/fund/florida-funders) [Alpaca VC](https://millionrounds.com/fund/alpaca-vc) [NewSchools Venture Fund](https://millionrounds.com/fund/newschools-venture-fund) Source recorded
- **May 2018** Round **$2.3M** *3 new* [Florida Funders](https://millionrounds.com/fund/florida-funders) [Brentwood Venture Capital](https://millionrounds.com/fund/brentwood-venture-capital) Rainfall Ventures/ Silicon Valley angels Reported by FinSMEs
- **Jul 2015** Seed **$1.9M** *4 new* *1 returning* [NewSchools Venture Fund](https://millionrounds.com/fund/newschools-venture-fund) [William Guttman](https://millionrounds.com/fund/william-guttman) [Kaplan Ventures](https://millionrounds.com/fund/kaplan-ventures) [Accelerated Growth Partners](https://millionrounds.com/fund/accelerated-growth-partners) [MaverixLab](https://millionrounds.com/fund/maverixlab) From a historical funding record
- **Mar 2014** Crowdfunding **Amount undisclosed** No investor was named in the report. From a historical funding record
- **Mar 2014** Seed **$1.2M** *3 new* [Techstars](https://millionrounds.com/fund/techstars) [NewSchools Venture Fund](https://millionrounds.com/fund/newschools-venture-fund) [Kaplan EdTech Accelerator](https://millionrounds.com/fund/kaplan-edtech-accelerator) From a historical funding record
- **Feb 2014** Seed **$635K** No investor was named in the report. From a historical funding record
- **Aug 2013** Series A **$635K** *1 new* [El Paso Corporation](https://millionrounds.com/fund/el-paso-corporation) From a historical funding record

## Founders and team

From ClassWallet's own website: 5 on the team.

- **Stephen Lindeman** Chief Executive Officer, ClassWallet
- **Kristie Matheson** Senior Vice President, Operations
- **Brian Levin** Chief Financial Officer
- **Kathryn Martin** Chief Legal Officer
- **Chris Cordes** Head of People

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series A** 2013 **Seed** 2014 **Seed** 2014 **Crowdfunding** 2014 **Seed** 2015 **Round** 2018 **Growth** 2023 [NewSchools Venture Fund](https://millionrounds.com/fund/newschools-venture-fund) [Techstars](https://millionrounds.com/fund/techstars) [Florida Funders](https://millionrounds.com/fund/florida-funders) [Sinovation Ventures](https://millionrounds.com/fund/sinovation-ventures) [Alpaca VC](https://millionrounds.com/fund/alpaca-vc) [William Guttman](https://millionrounds.com/fund/william-guttman) [Brentwood Venture Capital](https://millionrounds.com/fund/brentwood-venture-capital) [Kaplan EdTech Accelerator](https://millionrounds.com/fund/kaplan-edtech-accelerator) [Kaplan Ventures](https://millionrounds.com/fund/kaplan-ventures) [El Paso Corporation](https://millionrounds.com/fund/el-paso-corporation)

## Everyone who backed them

[NewSchools Venture Fund](https://millionrounds.com/fund/newschools-venture-fund) VC firm **3** rounds

[Techstars](https://millionrounds.com/fund/techstars) VC firm **2** rounds

[Florida Funders](https://millionrounds.com/fund/florida-funders) VC firm **2** rounds

[Sinovation Ventures](https://millionrounds.com/fund/sinovation-ventures) VC firm **1** round

[Alpaca VC](https://millionrounds.com/fund/alpaca-vc) VC firm **1** round

[William Guttman](https://millionrounds.com/fund/william-guttman) Angel **1** round

[Brentwood Venture Capital](https://millionrounds.com/fund/brentwood-venture-capital) VC firm **1** round

[Kaplan EdTech Accelerator](https://millionrounds.com/fund/kaplan-edtech-accelerator) Accelerator **1** round

[Kaplan Ventures](https://millionrounds.com/fund/kaplan-ventures) VC firm **1** round

[El Paso Corporation](https://millionrounds.com/fund/el-paso-corporation) Corporate VC **1** round

[Accelerated Growth Partners](https://millionrounds.com/fund/accelerated-growth-partners) Accelerator **1** round

[MaverixLab](https://millionrounds.com/fund/maverixlab) VC firm **1** round

Rainfall Ventures/ Silicon Valley angels no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=classwallet).

## Also claim to have backed them

This firm lists ClassWallet as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Rainfall Ventures](https://millionrounds.com/fund/rainfall-ventures) VC firm Per its own site

## Quick answers about ClassWallet

### Who invested in ClassWallet?

ClassWallet's investors include NewSchools Venture Fund, Techstars, Florida Funders, Sinovation Ventures and Alpaca VC, and 8 more on record.

### How much has ClassWallet raised?

ClassWallet has raised $102M across 7 rounds since 2013. One round did not disclose an amount, so the total is a floor.

### When did ClassWallet last raise?

ClassWallet's most recent round was a Growth of $95M in Aug 2023.

### What was ClassWallet's biggest round?

Its most recent round, $95M in Aug 2023, is also its largest on record.

### Who backed ClassWallet first?

ClassWallet's first round on record, in Aug 2013, was backed by El Paso Corporation.

### What stage is ClassWallet at?

ClassWallet's latest named round is a Growth, in Aug 2023.

### Where is ClassWallet based?

ClassWallet is based in the United States.

## Companies like ClassWallet

In the same sector, and raised in the last eighteen months.

[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Coast** $77M · Oct 2026](https://millionrounds.com/company/coast)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**CapitalOS** $52M · Oct 2026](https://millionrounds.com/company/capitalos)

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