Zeffy has successfully raised $4.5 million over two funding rounds, positioning itself as a unique player in the nonprofit fundraising sector. The platform is the only zero-fee fundraising software for nonprofits, offering a comprehensive suite of tools for donations, ticketing, and donor management.
Keep reading to explore the intricacies of Zeffy's fundraising journey and the investors backing this innovative platform.
What Is Zeffy?
Zeffy, founded by Francois De Kerret and Thibaut Jaurou, is a pioneering company in the nonprofit sector. Established in Montreal and Paris, Zeffy offers a zero-fee fundraising platform designed to support nonprofits in their mission.
With a team of 11-50 employees, Zeffy provides a comprehensive suite of tools for donations, ticketing, and donor management. The platform aims to eliminate the $2 billion lost annually to processing fees, making it a game-changer in the social impact economy.
Since its inception, Zeffy has been dedicated to revolutionizing the giving economy, supporting over 50,000 organizations across North America. The company continues to grow rapidly, driven by its mission to provide 100% free fundraising solutions.
How Much Funding Has Zeffy Raised?
- Pre-Seed Round:
- Amount Raised: $760,000
- Date: December 2019
- Lead Investors: Real Ventures
- Motivation Behind the Round: To support the initial development and launch of their zero-fee fundraising software for nonprofits.
- Series A Round:
- Amount Raised: $3,700,000
- Date: September 2021
- Lead Investors: Real Ventures
- Motivation Behind the Round: To bring a free fundraising platform to nonprofits.
Total Amount Raised: $4.5 million. Current Valuation: Not provided.
Key Investors
- Ring Capital
- Details: Ring Capital is an investment ecosystem dedicated to backing fast-growing and impact tech companies. It operates through three investment vehicles: Ring Altitude, Ring Mission, and Ring Foundation.
- Investment Focus Areas: Growth tech, social impact, early-stage tech charities
- Notable Investments: Not specified
- Real Ventures
- Details: Real Ventures is a venture capital firm that invests in early-stage tech companies. They are known for supporting startups that have the potential to disrupt industries and create significant value.
- Investment Focus Areas: Technology, innovation, early-stage startups
- Notable Investments: Not specified
- Panache Ventures
- Details: Panache Ventures is a Canadian venture capital firm that focuses on early-stage investments. They aim to support innovative startups with high growth potential.
- Investment Focus Areas: Technology, innovation, early-stage startups
- Notable Investments: Not specified
What's Next for Zeffy?
As Zeffy looks to the future, the opportunities are vast. The platform's expansion into the United States and the addition of donor intelligence capabilities present significant growth potential. With the online fundraising market in North America exceeding $10 billion annually, Zeffy is well-positioned to capture a substantial share by offering a zero-fee solution that nonprofits desperately need.
Future fundraising rounds will likely focus on scaling the platform and enhancing its features to attract more nonprofits. This growth trajectory could also open doors for strategic partnerships or acquisitions, further solidifying Zeffy's market position. However, challenges such as competition from established platforms and maintaining a sustainable revenue model based on optional contributions will need to be navigated carefully.
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