TLDR:
- Givebutter has secured a $50 million investment led by BVP Forge.
- The funding will accelerate the development of Givebutter’s fundraising and CRM platform for nonprofits.
Givebutter, a nonprofit fundraising and CRM platform, has announced a $50 million investment led by BVP Forge, Bessemer Venture Partners’ dedicated investment fund. This strategic growth investment aims to empower nonprofits with powerful and affordable tools to change the world. The funding comes after a successful year of rapid growth for Givebutter, with total donations on the platform surpassing $1 billion.
Founded on a mission to support changemakers, Givebutter will utilize this investment to enhance its all-in-one fundraising and CRM platform, which is currently relied upon by over 35,000 nonprofits. The platform offers a comprehensive set of fundraising solutions, including donation forms, campaigns, events, auctions, and more. Additionally, Givebutter plans to introduce a workflow solution later this year to automate tasks and donor journeys, ultimately saving time and increasing impact.
The investment from BVP Forge underscores Givebutter’s commitment to efficient growth and customer satisfaction. With plans to expand customer service offerings to be available 24/7 and further support nonprofits through initiatives like Givebutter Gives Back, the company is poised to continue making a positive impact. As Givebutter’s co-founder and CEO, Max Friedman, notes, the company is dedicated to becoming the leading platform for nonprofits to engage donors and amplify their missions.
Overall, the investment from BVP Forge will fuel Givebutter’s mission to empower nonprofits to raise more, pay less, and give better. By leveraging Bessemer Venture Partners’ expertise and resources, Givebutter aims to solidify its position as the go-to platform for nonprofits striving to make a difference.
