
Connexeo
Transforming Administration Software and Payment Systems for education and community organizations, delivering streamlined access and support through web-based solutions designed to address our industry’s unique needs.
Date | Investors | Amount | Round |
---|---|---|---|
$110m | Growth Equity VC | ||
Total Funding | 000k |
USD | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 |
EBITDA | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Connexeo operated as a global software-as-a-service (SaaS) provider, specializing in administration and payment systems for the education and community sectors. The company was founded in 2017 with a mission to streamline administrative workflows for educators and community organizers, allowing them to dedicate more time to their core services. In April 2018, Connexeo secured a significant milestone with a $110 million growth equity investment from Great Hill Partners, a private equity firm. This funding was intended to fuel market expansion. Charlie Piper served as the Chief Executive Officer of the company.
The firm's primary offering was a suite of software tools designed to automate and simplify complex administrative tasks. Its web-based platform catered to education and community organizations, providing modules for online registration and enrollment, class management, event ticketing, and payment processing. The system also managed functions like inventory tracking and music program administration. Clients had the flexibility to adopt the entire integrated suite or select individual modules based on their specific operational needs. The business model focused on reducing operational costs and improving revenue generation capabilities for its clients, which included tens of thousands of organizations across the United States, Australia, and New Zealand.
A pivotal event in the company's history occurred in October 2018, when Connexeo merged with Vanco Payment Solutions. The combined entity continued under the Vanco name. At the time of the merger, Connexeo served 14,000 education clients. The strategic combination aimed to provide a broader set of products and services across both the education and faith-based markets that Vanco traditionally served. Following the merger, Connexeo's CEO, Charlie Piper, transitioned to the role of Chairman of the Board for the new Vanco. Keywords: education administration software, payment processing, SaaS for education, community organization software, event ticketing platform, class registration system, school payment solutions, Charlie Piper, Great Hill Partners, Vanco Payment Solutions, administrative software, enrollment management, financial management for schools, music program software, Revtrak, student fee collection, online donation platform, nonprofit administration, K-12 administration, community programs management