Total amount raised
$82.1 Million
Latest funding date
01/01/2025
Location
Fundraise Up has successfully raised funding over six rounds, with the latest being a Series B round. The platform is designed to enhance online giving for nonprofits, offering features like optimized checkout processes, multiple payment methods, and AI optimizations.
Summit Partners and Telescope Partners are among the investors backing Fundraise Up. Keep reading to explore the intricacies of Fundraise Up's fundraising journey and the investors supporting this innovative platform.
What Is Fundraise Up?
Fundraise Up is a digital fundraising platform designed to enhance online giving for nonprofits. The company operates in various industries, including Artificial Intelligence, B2B, Enterprise Software, FinTech, Non-Profit, Payments, and Social Impact.
Founded in Brooklyn, New York, Fundraise Up has between 101-250 employees. The platform offers a range of features to increase donation conversions, enable frictionless payments, and personalize the giving experience.
How Much Funding Has Fundraise Up Raised?
- Pre-Seed Round
- Amount Raised: USD 200,000
- Date: October 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of the platform and validate the business model.
- Pre-Seed Round
- Amount Raised: USD 400,000
- Date: September 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue product development and begin initial market testing.
- Pre-Seed Round
- Amount Raised: USD 250,000
- Date: December 2018
- Lead Investors: Splash Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the platform's features.
- Seed Round
- Amount Raised: USD 1,250,000
- 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 Round
- Amount Raised: USD 10,000,000
- Date: March 2021
- Lead Investors: Telescope Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand the platform's capabilities.
- Series B Round
- Amount Raised: USD 70,000,000
- 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: USD 81,900,000. 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 across various sectors.
- Investment Focus Areas: Technology, Healthcare, Other growth industries
- Notable Investments: Dreampath Diagnostics, RIS Rx, Simply.TV
- Telescope Partners
- Details: Telescope Partners is a thesis-driven, early growth investor focusing on enterprise software companies. They combine operational expertise, strategic guidance, and a powerful network of resources.
- Investment Focus Areas: Enterprise software companies
- Notable Investments: Not specifically mentioned
- Splash Capital
- Details: Splash Capital is one of the investors in Fundraise Up, participating in multiple pre-seed and seed rounds.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
What's Next for Fundraise Up?
Fundraise Up is poised to capitalize on a significant opportunity with its recent $70 million investment. This funding will enable the company to expand its product offerings and accelerate its global market reach. The platform's AI-powered solutions are set to revolutionize online fundraising, making it easier for nonprofits to engage donors and increase conversion rates.
Future fundraising opportunities are likely as the demand for digital solutions in the nonprofit sector continues to grow. Fundraise Up's innovative approach positions it well for further investments and potential strategic partnerships. However, the company will need to navigate challenges such as competition from other fundraising platforms and ensuring seamless integration of its AI-driven tools with existing nonprofit systems.
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