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Short Take: Schoolpop lands $41 million in financing

Fund-raising site Schoolpop said it has completed its third round of financing for $41 million. The round, led by Meritech Capital Partners and The Reader's Digest Association, will be used to expand its services to more schools around the nation. The service allows users to shop on its site, where 20 percent of all purchases are donated to a public or private school of choice.

Fund-raising site Schoolpop said it has completed its third round of financing for $41 million. The round, led by Meritech Capital Partners and The Reader's Digest Association, will be used to expand its services to more schools around the nation. The service allows users to shop on its site, where 20 percent of all purchases are donated to a public or private school of choice.