Schoola resells donated gently used kids' and women's clothing and returns 40% of gross profits to the school designated by each donor. Users receive a prepaid bag, designate a school, and ship donations; schools can also run clothing drives. In two years of operation the company has partnered with 18,000 U.S. schools and has provided as much as $68,000 to institutions like KIPP Academy Middle School. The business is designed to make money—donors receive no tax deduction—and the article describes it as potentially quite profitable because merchandise is donated. Venture investors put $20 million into a Series B that closed in May, signaling external financial support. Schoola announced a partnership with the Malala Fund to allow donors to direct their 40% share to the fund and is working with members of the U.S. Women's National Soccer Team, including Carli Lloyd, to promote a "pass the bag" campaign.

Total raised

$20M

Funding rounds

1

Latest round

Series B

Latest activity

Oct 2015