Total amount raised
$82.1 Millions
Latest funding date
01/01/2025
Location
Fundraise Up has successfully raised funds through multiple rounds, with the latest being a Series B round. The platform is designed to enhance online fundraising for nonprofits by providing tools that increase donor engagement and revenue.
Keep reading to explore the intricacies of Fundraise Up's fundraising journey and the investors backing this innovative platform.
What Is Fundraise Up?
Fundraise Up, founded on October 18, 2017, is a financial technology company based in Brooklyn, New York. The company operates in various industries, including Artificial Intelligence, B2B, Enterprise Software, FinTech, Non Profit, Payments, and Social Impact.
Founded by Anton Isaykin, Peter Byrnes, and Yuriy Smirnov, Fundraise Up employs between 101-250 people. The platform is designed to help nonprofits engage donors and increase revenue through AI-powered online fundraising tools.
How Much Funding Has Fundraise Up Raised?
- Pre-Seed Round
- Amount Raised: $200K
- Date: October 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop the initial version of the platform.
- Pre-Seed Round
- Amount Raised: $400K
- Date: September 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and begin initial market testing.
- Pre-Seed Round
- Amount Raised: $250K
- Date: December 2018
- Lead Investors: Splash Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform features and expand the team.
- Seed Round
- Amount Raised: $1.3M
- Date: January 2020
- Lead Investors: Splash Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market penetration.
- Series A
- Amount Raised: $10M
- Date: March 2021
- Lead Investors: Telescope Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and enhance AI capabilities.
- Series B
- Amount Raised: $70M
- Date: January 2025
- Lead Investors: Summit Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel AI-powered innovation and global expansion.
Total Amount Raised: $82.15M. Current Valuation: Not publicly disclosed.
Key Investors
- Summit Partners
- Details: Summit Partners is a leading growth-focused investment firm founded in 1984. They have invested in over 550 companies and have offices in North America and Europe.
- Investment Focus Areas: Technology, healthcare, growth industries.
- Notable Investments: Uber, Avast, McAfee.
- Telescope Partners
- Details: Telescope Partners is a thesis-driven, early growth investor focusing on enterprise software companies. They provide operational expertise and strategic guidance.
- Investment Focus Areas: Enterprise software, early-stage technology, growth-stage technology.
- Notable Investments: Segment, Heap, SendBird.
- Splash Capital
- Details: Splash Capital is an investment firm that focuses on early-stage startups. They aim to support innovative companies with high growth potential.
- Investment Focus Areas: Technology, fintech, enterprise software.
- Notable Investments: Not publicly disclosed.
What's Next for Fundraise Up?
Fundraise Up is poised to capitalize on a significant opportunity to expand its product offerings and accelerate its global market reach. With a $70 million growth capital investment, the company is well-positioned to enhance its AI-powered solutions, optimizing online donation experiences for nonprofits worldwide. This financial boost will enable Fundraise Up to address regional nuances in donor behavior and engagement, providing enhanced multilingual support and strengthening its infrastructure to support growing nonprofit missions.
Future fundraising opportunities are promising, as the increasing demand for digital solutions in the nonprofit sector presents ongoing potential for attracting further investments. Fundraise Up's focus on leveraging AI-driven, data-guided decisions to improve donor experiences and increase recurring donations will likely draw continued interest from investors. However, the company may face challenges such as competition from other fundraising platforms and the need to continuously innovate to stay ahead of industry trends.
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