TLDR:
Givebutter, a nonprofit fundraising platform, raised $50M in funding led by Bessemer Venture Partners’ BVP Forge. The company plans to use the funds to accelerate platform development. Givebutter offers a variety of tools for nonprofits and has seen total donations on the platform cross $1 billion.
Article Summary:
Givebutter, a provider of a nonprofit fundraising and CRM platform based in Austin, TX, recently secured $50M in funding, with Bessemer Venture Partners’ BVP Forge leading the round. Existing investor Ardent Venture Partners also participated in the funding. The company, under the leadership of CEO Max Friedman, plans to use the funds to further develop its platform. Givebutter’s platform offers a wide range of tools for nonprofits, including donation forms, fundraising campaigns, events, auctions, donor management, email, and more, all under a transparent tip-or-fee model. The platform is currently used by over 35,000 nonprofits. This funding comes after a year of profitable growth for Givebutter, with total donations on the platform surpassing $1 billion.
