Beanstack raised $1.5M in an ongoing growth capital round led by Riverside Acceleration Capital to accelerate its repeatable growth model and invest in its marketing program.

Jan 22, 2025•7 months ago

Amount Raised

$1.5 Million

Round Type

seed

WashingtonEbooksE LearningEducation

Investors

Militello CapitalKapor CapitalMark CubanEvoce CapitalRiverside Acceleration Capital

Description

Beanstack has raised $1.5 million in capital led by Riverside Acceleration Capital and Evoce Capital, with additional investments from Mark Cuban and others. The funds will be used to enhance their growth model and support their client marketing program.

Company Information

Company

Beanstack by Zoobean, Inc.

Location

Washington, District Of Columbia, United States

About

Beanstack helps public and school libraries effortlessly facilitate reading challenges and reading fundraisers. The flagship product of Zoobean Inc., Beanstack is licensed by over 10,000 public libraries, school districts, and corporations around the world. Its investors include Mark Cuban from ABC’s Shark Tank and its founding members were previously Washington, DC's teacher of the year and Google's first head of K-12 education outreach.

Related People

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers