Total amount raised
$7 Millions
Latest funding date
June, 2022
Location
Givebutter has successfully raised funding through multiple rounds, including a Series A, with backing from notable investors such as Ardent Venture Partners and BVP Forge. The platform offers a comprehensive suite of tools designed to streamline nonprofit fundraising, marketing, and donor management.
Keep reading to explore the intricacies of Givebutter's fundraising journey and the investors backing this innovative platform.
What Is Givebutter?
Founded in 2016, Givebutter is a product-led company that develops an operating system for nonprofit fundraising. The platform offers a comprehensive suite of tools, including donation forms, event ticketing, auctions, CRM tools, and email and text engagement.
Givebutter was established by Ari Krasner, Liran Cohen, and Max Friedman. The company is headquartered in the United States and has grown to employ between 101 and 250 people.
With a focus on modernizing nonprofit fundraising, Givebutter aims to streamline the process of raising funds, tracking progress, and engaging supporters through its innovative platform.
How Much Funding Has Givebutter Raised?
- Seed Round
- Amount Raised: $7M
- Date: June 2022
- Lead Investors: Ardent Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial development and market entry of Givebutter's fundraising platform.
- Series A
- Amount Raised: $50M
- Date: April 2024
- Lead Investors: BVP Forge
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the development of Givebutter's all-in-one fundraising and CRM platform.
In total, Givebutter has raised $57M. The current valuation is not publicly disclosed.
Key Investors
- BVP Forge
- Details: BVP Forge is a dedicated investment fund by Bessemer Venture Partners, focusing on self-sustaining growing companies. They led the $50 million strategic growth investment in Givebutter.
- Investment Focus Areas: Technology, nonprofit platforms, innovative companies.
- Notable Investments: Shopify, Canva, Toast.
- Ardent Venture Partners
- Details: Ardent Venture Partners is a venture capital firm that invests in early-stage technology companies. They co-led the seed round investment in Givebutter.
- Investment Focus Areas: Early-stage technology, innovative solutions, growth-stage companies.
- Notable Investments: Not publicly disclosed.
What's Next for Givebutter?
Givebutter is poised to capitalize on significant opportunities in the nonprofit sector. With over 35,000 nonprofits already using its platform and more than $1 billion in donations facilitated, the company plans to accelerate the development of its all-in-one fundraising and CRM platform. Upcoming features like a workflow solution to automate tasks and donor journeys, along with 24/7 customer service, highlight the potential for substantial growth.
Future fundraising rounds seem likely as Givebutter continues to innovate and expand its offerings. However, the company will need to navigate challenges such as competition from other platforms and maintaining profitable growth while scaling operations. Ensuring seamless integration of new features without disrupting existing services will be crucial for sustained success.
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