Tech Company Secures Funding Infusion

Posted: Updated:
ClearScholar was launched in 2016. ClearScholar was launched in 2016.
INDIANAPOLIS -

Some big names are contributing to a $1.25 million round of funding for a young Indianapolis technology startup. ClearScholar, which was launched last year, received the support from a group that includes Indianapolis-based High Alpha, Elevate Ventures, Butler University and Cindy and Paul Skjodt. The mobile student engagement platform currently has 10 employees and plans to double its work force by the end of the year.

Simon Equity Partners co-founder Stephen Simon is also an investor. The Skjodts' investment is through Bulle Investments. The company says the infusion will boost growth in sales, marketing and product development.

Chief Executive Officer Jason Konesco says "I am thrilled with the progress we have made over the past six months and the team we have put together. We are actively in conversations with a diverse group of universities and are seeing that our approach and product is a differentiated market leader."

ClearScholar says its recently-launched Early Adapter Program is slated to be added by nine more institutions this year. The company was the second startup to sprout from High Alpha. High Alpha Partner Mike Fitzgerald says "there is a huge opportunity for educational institutions to embrace emerging technology to drive improved student outcomes and leave tangible impacts on the lives of students. We are thrilled to see ClearScholar's early traction and believe they have assembled an outstanding team to build a market-leading and industry-defining company."

ClearScholar's platform includes a mobile student ID and information about events, news and activities tailored to specific interests and needs.

  • Perspectives

    • Want to Lower Your Medicare Premiums?

      If you’re nearing retirement age, health insurance and Medicare are probably on your mind as well. Do you understand how Medicare works and how the monthly premium is determined? You need to be in the know to avoid making costly mistakes. Here are some tips for potentially lowering your Medicare premiums.

    More

Events



  • Most Popular Stories

    • Photo courtesy of Key Detail

      Internationally-Known Artists to Paint Greencastle Mural

      Key Detail, an internationally known mural artist, has been selected to create one of Indiana’s largest murals on four large grain silos at the corner of Veterans Memorial Highway and U.S. 231 in Greencastle. The Putnam County Mural Project received more than 70 applications from muralists worldwide for the project, which is a canvas of up to 8,000-square-feet and a primary gateway for Greencastle.  

    • Alexa Deaton and Colby Shank

      Higher Ed Commission Promotes Two

      The Indiana Commission for Higher Education has promoted Alexa Deaton to associate commissioner and Chief Financial Officer. She previously served as director of accounting. Also, Colby Shank has been promoted to associate commissioner for student financial aid, a new position for the organization. He most recently served as assistant commissioner for financial and student support services.
    • Rob Baker and Ryan Chelli

      Foundation Announces Promotions

      The Community Health Network Foundation has promoted Rob Baker to vice president of foundation operations. He most recently served as executive director of finance. Baker joined the organization in 2016 and received his bachelor of arts degree from Purdue University and law degree from Indiana University School of Law – Indianapolis. Also, Ryan Chelli has been promoted to vice president of donor relations.  

    • Photo courtesy of Purdue University

      Purdue Offers 'Stranger Things' Replica Tee

      Purdue University has partnered with trademark licensing agent CLC to produce a special-edition replica Purdue shirt that appeared on an episode of Netflix’s “Stranger Things 3.”  The university also teamed up with Venley to accurately replicate the shirt, which will be available at retailers on the West Lafayette campus and online later this month.

    • (photo courtesy of The Times of Northwest Indiana)

      Historic Hospital to be Torn Down in Gary

      A building that once represented the racial divide in the city of Gary, but long provided health care to the African American community, will soon fall to a wrecking ball. The city says it intends to raze the long-abandoned St. John’s Hospital.