Washington, D.C./ Retail & Industry
Published on April 12, 2019
Washington funding news: Software and travel and tourism top recent local investmentsPhoto: Upside.com/Facebook

Washington-based education company Jefferson Education Accelerator has secured $1.6 million in grant funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced April 2 and financed by Chan Zuckerberg Initiative.

According to its Crunchbase profile, "The Jefferson Education Accelerator (JEA) brings together world-class researchers and promising education technology companies to identify solutions that are having a positive impact on student outcomes. Unlike other ed tech accelerators that focus on early-stage startups, JEA targets growth-stage education companies, and provides them with business mentorship, access to a network of forward-thinking K-12 and higher education institutions, and the opportunity to work with leading researchers and practitioners to evaluate the efficacy of their products and tools. Through the Jefferson Education Fund, JEA also provides access to investment capital for select ventures in promising companies that show good results."

The four-year-old startup also raised a $1.5 million grant in 2016.

The round brings total funding raised by Washington companies in software over the past month to $2.1 million, an increase of $300,000 from the month before. The local software industry has seen 43 funding rounds over the past year, securing a total of $311 million in venture funding.

In other local funding news, travel agency company Upside.com announced a corporate round on April 7, financed by Flight Centre.

According to Crunchbase, the company is "turning the way we buy business travel upside down. We are building a world-class team passionate about creating a product that will turn business travel from mundane to magical. This is no ordinary startup."

The company also raised a $50 million round in 2017.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.