Funraise Analysis: $19M Raised
What is Funraise?
Funraise is a complete nonprofit fundraising platform designed to simplify donor management and fundraising processes. Their approach integrates various tools and features, making it easier for nonprofits to engage with donors and manage campaigns. This results in increased online giving and improved donor relationships for organizations.
Employees
51-200
Founded
2015
Industry
SaaS, FinTech, Nonprofit
Latest Funding Round Size
Growth Financing
Public Company Status
Private
Recent Venture Round Amount
$9,000,000
Product Features & Capabilities
- Donation forms with high conversion rates
- Recurring giving options for sustained revenue
- Peer-to-peer fundraising campaigns for broader reach
- Automated donor communication via SMS and email
- Custom reports and dashboards for data-driven decisions.
Use Cases
Create branded donation experiences on websites; Manage donor relationships with intuitive profiles; Run efficient events and auctions; Engage supporters through automated messaging; Generate insightful fundraising reports and dashboards.
How much Funraise raised
Series A - $9.7 million
January 30, 2018Lead Investor: Toba Capital, Blaine Vess, Watermark Ventures
Growth Financing - $9 million
June 16, 2022Lead Investor: LAGO Innovation Fund, Toba Capital
Other Considerations
Nonprofits using Funraise grow online giving by 73% annually; Funraise organizations grow recurring revenue by 52% annually; Trusted by various nonprofit leaders for ease of use and effectiveness.
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Financial Overview
$19MTotal Raised
Pre Seed
February 15, 2016
Investors: Blaine Vess
Angel
September 15, 2015
Investors: Blaine Vess
Seed
August 8, 2017
Investors: Toba Capital, Tech Coast Angels, Grant Van Cleve
Series A$9.7 million
January 30, 2018
Investors: Toba Capital, Blaine Vess, Watermark Ventures
Growth Financing$9 million
June 16, 2022
Investors: LAGO Innovation Fund, Toba Capital