Fundraise Up has gained traction, with over 3,000 nonprofits using the platform, including major organizations like the Canadian Red Cross and the American Heart Association. The company recently raised $70 million in a minority growth investment led by Summit Partners, bringing its total funding to over $80 million. This investment will support product development and expansion into new markets. Byrnes emphasizes the platform's focus on innovation and positive impact, aiming to solidify its position as a market leader in the rapidly growing giving market.
Key takeaways:
- Many nonprofits struggle with outdated technology that affects their fundraising efforts, leading to a poor donor experience.
- Fundraise Up, co-founded by Peter Byrnes, offers a platform that integrates AI to enhance donor engagement and reduce friction.
- Fundraise Up's pricing model is transaction-based, avoiding upfront costs and providing free technical support, making it attractive to nonprofits.
- Fundraise Up has raised $70 million to expand its offerings and reach, with over 3,000 nonprofits currently using the platform.