Givebutter, an Austin, TX-based provider go a nonprofit fundraising and CRM platform, raised $50M in funding.
The round was led by Bessemer Venture Partners’ BVP Forge, with participation from existing investor Ardent Venture Partners.
The company intends to use the funds to accelerate the development of its platform.
Led by CEO Max Friedman, Givebutter offers a nonprofit fundraising and donor management platform for nonprofits to bring together multiple categories of tools, including donation forms, fundraising campaigns, events, auctions, donor management (CRM), email, texting, direct mail, and more—via a transparent tip-or-fee model. It is used by 35,000+ nonprofits.
The funding follows another year of profitable growth for Givebutter, during which total donations on the platform crossed $1 Billion.
Commenting on the news, Max Friedman said: “Changemakers are at the heart of everything we do at Givebutter, and this investment represents an investment in them. We are building the home for changing the world, and there’s no butter place for nonprofits to be“
FinSMEs
22/04/2024