CampusLogic Buys Funderbolt to Improve College Student Fundraising Services

STRIKE LIGHTNING: CampusLogic, a student financial services platform, has bought Funderbolt, a provider of college student fundraising software for an undisclosed amount.

Funderbolt, which allows students to raise money for tuition and educational expenses, will rebrand as SponsoredScholar, according to a statement Monday. The company claims it has supported more than 600 campaigns for a variety of student activities, including fundraisers for volleyball and rowing teams.

CampusLogic claims over 500 schools that use its tools, which include a price calculator, online scholarship management and financial aid verification. Based in the Phoenix area and founded in 2011, the company raised $55 million in April 2018, and $72.5 million overall. In 2017, the company bought Cegment’s Net Price Calculator and rebranded it to the ClearCost tool.