Reportwell Secures $1.1M Investment to Streamline Reporting & Regulatory Compliance
Reportwell streamlines key compliance tasks and reporting requirements using the power of AI for authorizers, school districts, and government agencies.
Indianapolis-based startup Reportwell, founded by former educators, Jennica Adkins, Jacob Allen, Jacob Peters and Lani Luo, and David Spitz, has secured $1.1 million in pre-seed funding to develop its regulatory compliance platform. The funding round attracted investment from notable entities including Detroit Venture Partners, the Charter School Growth Fund, Ruthless for Good Fund, Everywhere Ventures, Techstars, and Duo Security founder Dug Song. Reportwell, which launched in 2023, emerged from the founders' experience at PilotED Schools, where they faced significant challenges managing regulatory filings. This led to the creation of an online platform designed to simplify compliance reporting for schools, and potentially other regulated industries.
The company's platform, tested over the past 14 months, has already garnered interest from early adopters, including New Orleans Public Schools and the state of Missouri. Having completed the Techstars Detroit startup accelerator program, Reportwell officially launched its commercial product last month and is currently focused on the K-12 education market. However, the founders, led by CEO Jacob Allen, see future opportunities in other regulated sectors like higher education, utilities, and healthcare.
Read more in the Indianapolis Business Journal.
