Edlio Raises $40M For School Website Software, Looks Towards Acquisitions

Los Angeles-based Edlio, a developer of a cloud-based, software product used by schools and school districts to build and manage school websites, has raised $40M in a funding round. The funding came from L Squared Capital Partners. According to L Square, the investment in Edlio will go towards sales and marketing, international growth, new product development, and strategic acquisitions. Edlio is led by CEO Ali Arsan. Edlio's content management software lets schools manage and update their websites, and includes such features as news, calendar, text and email notifications, individual class websites, and more. L Capital Partners said Edlio is specifically seeking to acquire complementary EdTech companies across the K-12 administrative software landscape such as CRM, athletic department modules, data management and payments companies. More information »