Total amount raised
$10.2 Millions
Latest funding date
8/1/2015
Location
Fluxx has successfully raised funding through multiple rounds, backed by investors such as Felicis and the Kresge Foundation. The platform offers a cloud-based grants management software solution designed to streamline processes and enhance collaboration for funders and doers.
Keep reading to explore the intricacies of Fluxx's fundraising journey and the investors backing this innovative platform.
What Is Fluxx?
Founded in December 2010, Fluxx is headquartered in San Francisco, California. The company was established by Drew Lee, Eric Hansen, Jason Ricci, and Kerrin Mitchell Johnson. With a team of 51-100 employees, Fluxx provides a cloud-based grants management software solution designed to streamline processes and enhance collaboration for funders and doers.
How Much Funding Has Fluxx Raised?
- Series A
- Amount Raised: $6.2M
- Date: August 2015
- Lead Investors: Felicis
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the platform's capabilities.
- Series B
- Amount Raised: $16M
- Date: March 2017
- Lead Investors: Canvas
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and develop new products for the philanthropic community.
- Venture Round
- Amount Raised: $29.2M
- Date: April 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance product offerings.
Total Amount Raised: $51.4M. Current Valuation: Not publicly disclosed.
Key Investors
- Felicis Ventures
- Details: Felicis Ventures is a boutique venture capital firm founded in 2006. The firm has a track record of investing in transformative companies across various sectors.
- Investment Focus Areas: Technology, healthcare, consumer sectors
- Notable Investments: Shopify, Canva, Plaid
- Kresge Foundation
- Details: The Kresge Foundation is a $3.6 billion private, national foundation. It works to expand opportunities in America's cities through grantmaking and social investing.
- Investment Focus Areas: Education, health, human services, arts and culture, community development
- Notable Investments: Various nonprofit organizations and initiatives
- Canvas Ventures
- Details: Canvas Ventures is a Silicon Valley-based venture capital firm. It was named a "Top VC Firm to Watch" by the 2015 Forbes Midas List.
- Investment Focus Areas: Marketplaces, AI/machine learning, digital health, fintech, "new enterprise"
- Notable Investments: FutureAdvisor, CrowdFlower, Zola
What's Next for Fluxx?
Fluxx stands at the cusp of significant growth opportunities, driven by the increasing demand for cloud-based and mobile solutions in the philanthropic sector. With a robust customer base that includes the Ford Foundation and MacArthur Foundation, the potential for expanding their reach is immense. The philanthropic sector, with its vast financial resources, offers a fertile ground for Fluxx to enhance its product offerings and streamline grant management processes.
Future fundraising rounds are likely as Fluxx continues to innovate and demonstrate the impact of its software. Attracting more investors will be crucial to support their growth trajectory and product development. However, the company must navigate challenges such as competition from other grants management software providers and ensuring data security for sensitive information. By staying ahead of industry trends and continuously evolving, Fluxx is well-positioned to capitalize on the opportunities ahead.
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay's platform to access comprehensive fundraising data on companies like Fluxx and gather other critical business insights. Sign up for free today and unlock the potential to drive your sales strategy with the most up-to-date information at your fingertips.
