Kaleidoscope, A Fintech Company Driving Education-Based Philanthropy, Raises $10 Million Series A

Kaleidoscope, a fintech platform driving education-based philanthropy, today announced that it has raised a $10M Series A round co-led by 3x5 Partners and Rally Ventures. The first fintech platform to connect sponsoring organizations, donors, and applicants, Kaleidoscope has facilitated over $370 million in scholarships and grants over the last two years. This investment comes in the wake of 2021 benchmarks including the launch of more than 6,500 programs, and their one-millionth user. Proceeds from the financing will be used to scale the business and invest in the launch of a first of its kind funds disbursement solution.