Press Releases

September 2014

Runa Capital Invests SchoolMint

Runa Capital Announces Investment into SchoolMint - Enrollment Management Tech

SchoolMint helps schools and families manage the admissions and communications process, simply and securely.

SAN FRANCISCO, CA – September 19, 2014 – SchoolMint, the leading provider of mobile and online enrollment and school choice systems for K-12 public, charter and private schools, announced that it has raised $2.2 million in Seed financing. This funding was led by Runa CapitalNew School Ventures Fund and Crosslink Capital with additional participation from leading education-focused backers, including Kapor Capital, Imagine K12, Romulus Capital, Fresco Capital and EdMentor VC as well as other prominent angel investors like Jared Kopf. Since launching in 2013, SchoolMint is currently used by hundreds of Public and Charter Schools in more than 21 cities and 10 states, enrolling hundreds of thousands of K-12 students. The funding will be used to further expand the SchoolMint team, the product offerings and to increase the SchoolMint footprint to schools across the country.

SchoolMint founders Jinal Jhaveri and Forum Desai are transforming the traditional K-12 school admissions process by providing schools and parents an easy-to-use, efficient and manageable online enrollment and notification system. Schools currently spend massive amounts of time, money and valuable resources year-round to manage their admissions processes, provide school choice across districts and cities, predict their enrollment numbers and communicate with parents. Bringing this antiquated system into the digital age, SchoolMint automates the entire process and provides predictive analytics, helping schools achieve their enrollment goals and saving a lot of time and money for schools and parents.

“As founders of mobile and web engineering firm Log(n), we had already been hired previously by charter schools like Rocketship Schools to build custom online enrollment systems,” said Jinal Jhaveri, co-founder SchoolMint. “Once we went through the never-ending paper trail to enroll our own daughter in kindergarten, we realized all K-12 schools are in dire need of an automated system to handle their admission process. Schools are resource-strapped and administrators are clamoring for a technology tool that they can customize and implement seamlessly. Our platform enables schools to spend their time and financial resources on what really matters – educating children.”

In just a few hours, schools can be up and running on the SchoolMint platform, which can help manage applications, school choice, registration forms, waitlists, run lotteries, communicate deadlines and send notifications. SchoolMint integrates with existing student information systems like PowerSchool and Infinite campus and allows schools to create customizable forms and applications with the information that matters most to their district, and then analyze metrics to generate comprehensive data reports to meet their enrollment goals. SchoolMint is optimized for Web, and has native applications for Android and iOS, allowing parents to create a single account from which they can manage applications and enrollment for multiple children to multiple schools, from their smartphone, tablet or computer.


About SchoolMint:
SchoolMint is an online and mobile enrollment platform for K-12 schools. Founded by Jinal Jhaveri and Forum Desai–the team behind the design and engineering firm Log(n), SchoolMint is used by hundreds of public, private, and charter schools across the country. Their partnership with the city of Philadelphia was the first to implement a citywide common application system across all public, charter and private schools. Also, top charter school networks like Achievement First, Aspire Schools, KIPP and Summit Schools use SchoolMint to manage their enrollment and lottery processes.

About Runa Capital

Runa Capital is a global venture capital firm established to seek investment opportunities in the rapidly growing areas of the tech sector, with specific focus on cloud computing, complex software, virtualization and mobile applications. Runa Capital I $135M fund was launched in 2010. Runa Capital II $200M fund was launched in 2014 to continue the existing strategy, looking to invest the best tech-companies across the globe. The investment strategy of Runa Capital II will continue the existing strategy, investing in tech sector, with focus on cloud computing, hosted services, virtualization, complex software and IT-solutions for fintech, education, healthcare and social. Runa’s investments up to date include: NGINX, Ecwid, Jelastic, Zopa, drchrono, SchoolMint, Wallarm and others. For more info please visit www.runacap.com   
Also follow @RunaCapital on Twitter for live updates. 

BackupAgent, Runa Capital Portfolio Company is Acquired by Acronis

BackupAgent, Premium Cloud Backup Startup from The Netherlands Acquired by Acronis

This makes Runa Capital’s fourth exit

September 2 - Woburn, MA – Amsterdam, NL  - Runa Capital Venture Fund today announces exit from portfolio company, as BackupAgent, the pioneering company in cloud backup for small and medium businesses is acquired by Acronis, the global leader in new generation data protection. The terms of the deal are not being disclosed.  

BackupAgent, founded in 2005 and once named by Deloitte as one of the fastest growing technology companies, brings on board years of cloud backup expertise, an existing network of hundreds of active partners and over 50 thousand customers across the world.

Service providers will also benefit from the long-standing partnership between Acronis and Parallels, leveraging the full integration of BackupAgent solutions with Parallels Automation, empowering Parallels-enabled service providers to quickly deploy a cloud backup offering to their customers at a very low cost of entry. 

“According to Parallels SMB Cloud Insights™ research, data backup and recovery is one of the top three most demanded services”, said Birger Steen, CEO of Parallels, - “With this acquisition, service providers using Parallels Automation for cloud service delivery will now have the most complete and reliable backup solution to offer their customers.”

Over time, BackupAgent’s solution will be powered by Acronis AnyData Engine technology, allowing service providers to deliver new generation data protection technologies via a cloud backup solutions to their customersю Service providers are able to deploy the cloud backup solution to their datacenters, to customer datacenters, or use Acronis datacenters and start selling the service with zero initial cost. This enables any managed service provider, hosting company or telecom operator to become a cloud backup provider.

With this acquisition, existing Acronis and BackupAgent partners will receive the most complete data protection solution to offer to their customers, and the existing 50 thousand customers of BackupAgent will enjoy the most complete, flexible and user-friendly cloud backup service.

Roland Sars and Robbert van Geldrop, Founders of BackupAgent comment: "We are excited to join forces with Acronis; this acquisition fits perfectly within our expansion plans. Becoming part of Acronis supports BackupAgent’s vision to become the world's leading cloud backup player. This acquisition will bring only good to our service providers, as they become part of a worldwide ecosystem of thousands of channel partners. We are extremely proud of the complete BackupAgent team."

BackupAgent had previously raised two rounds in venture funding: in 2007 undisclosed amount came from Solid Ventures and in 2013 - $2M round was led by Runa Capital. 

This makes Solid Ventures exit and Runa Capital’s fourth exit. The other Runa Capital exits were ThinkGrid getting acquired by Colt Telecom in 2012, CloudFlare buying Stop The Hacker in 2014 and Microsoft acquisition of Capptain in 2014.
 

About BackupAgent

BackupAgent is one of the first global cloud backup vendors on the market. Founded in 2005 in Delft, the Netherlands, company quickly became an internationally recognized brand. Company works with over 900 service providers, and protects petabytes of data for more than 50 thousand small and medium business customers across the world.

About Acronis

Acronis is a global provider of leading backup, disaster recovery, and secure file sharing and file access solutions. Founded in 2002 Acronis has established itself as a fast-growing international company with more than 650 employees in 18 countries and partners in almost every country in the world. Acronis provides complete, efficient and reliable backup solutions for desktop, server, virtual and cloud environments as well as leading file sharing and sync solutions for mobile devices. More than 5 million of individual users and more than 300 thousand organizations rely on Acronis products for protection of their data. For additional information, please visit www.acronis.com

About Runa Capital

Runa Capital is a global venture capital firm established to seek investment opportunities in the rapidly growing areas of the tech sector, with specific focus on cloud computing, complex software, virtualization and mobile applications. Runa Capital I $135M fund was launched in 2010. Runa Capital II $200M fund was launched in 2014 to continue the existing strategy, looking to invest the best tech-companies across the globe. Runa’s investments up to date include: NGINX, Ecwid, Jelastic, Zopa, drchrono, Wallarm and others. For more info please visit www.runacap.com    also follow @RunaCapital on Twitter for live updates. 

 
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