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Total amount raised
$4.5M
Latest funding date
2021-11-08
Location
Zeffy has raised funding across multiple rounds, backed by investors including Ring Capital, Real Ventures, and Panache Ventures, as it establishes 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.
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 growing team, 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 (formerly Simplyk) has been dedicated to revolutionizing the giving economy, supporting over 50,000 organizations across North America. The company surpassed $1 billion in donations processed as of May 2025, driven by its mission to provide 100% free fundraising solutions.
How Much Funding Has Zeffy Raised?
- Pre-Seed Round:
- Amount Raised: CA$720,000 (approx. USD $560,000)
- Date: November 2019
- Lead Investors: Undisclosed
- Participating Investors: Real Ventures, FounderFuel, Anges Quebec
- Motivation Behind the Round: To support the initial development and launch of their zero-fee fundraising software for nonprofits.
- Seed Round:
- Amount Raised: CA$3,700,000 (approx. USD $2.97M)
- Date: November 8, 2021
- Lead Investors: Ring Capital
- Participating Investors: Real Ventures, Panache Ventures, Sand Hill North, Frenchfounders, Dispatch Ventures
- Motivation Behind the Round: To bring a free fundraising platform to nonprofits and fuel expansion into the United States.
Total Amount Raised: At least $4.5 million based on disclosed funding. Current Valuation: Not provided.
Key Investors
- Ring Capital
- Details: Ring Capital is a B-corp and mission-driven investment management company dedicated to impact investing. It operates through three investment vehicles: Ring Altitude, Ring Mission, and Ring Foundation. Ring Capital led Zeffy's 2021 Seed round via its Ring Mission impact investment vehicle.
- Investment Focus Areas: Growth tech, social impact, early-stage tech charities
- Notable Investments: Zeffy (lead investor in Seed round)
- Real Ventures
- Details: Real Ventures is a venture capital firm that invests in early-stage tech companies. They participated in both Zeffy's Pre-Seed and Seed rounds and 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: Participated in Pre-Seed and Seed rounds for Zeffy
- Panache Ventures
- Details: Panache Ventures is a Canadian venture capital firm that focuses on early-stage investments. They participated in Zeffy's Seed round and aim to support innovative startups with high growth potential.
- Investment Focus Areas: Technology, innovation, early-stage startups
- Notable Investments: Participated in Zeffy's Seed round
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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