Innovare, a Chicago-based EdTech company, announced that it has raised $2 million in additional seed funding to expand its impact on education leadership through its cloud-based strategy and analytics platform InnoTM. To date, the company has raised $5 million. Among the investors in this round are Cleveland Avenue of Chicago, whose CAST US fund invests in diverse Chicagoland founders who offer unique tech-driven solutions to address systemic social issues, Dux Capital of Mexico City/Austin, Tawani Ventures of Chicago, and returning investor Portfolia's Rising America Fund of San Francisco.

Innovare was founded in July 2017 to meet the specific needs of K-12 education administrators and nonprofit executives. InnoTM, the company's web-based application, aggregates K-12 school data silos such as student information systems, standardized assessments, attendance, reading and math ed-tech programs, and spreadsheets into a single personalized dashboard.

"Given the current economic environment, we're more committed than ever to leveraging our technology to ensure the impact of education and philanthropic investments across the US and beyond," said AJ DeLeón, Co-Founder and CEO, who has more than two decades of experience in the nonprofit, education, and philanthropic sectors, including work for Chicago Public Schools and the Gates Foundation.