AidKit, a Public Benefit Corporation helping government agencies and nonprofits administer aid programs efficiently and transparently, announced it has raised $8.5 million in Series A growth equity financing led by Blueprint Equity. The new funding round will support AidKit’s expansion of its platform and enhance its technological capabilities to transform aid delivery into an empowering act of community care.
Launched in 2021, AidKit has facilitated the delivery of over $270 million in direct cash assistance and partnered with over 200 government and nonprofit organizations. The company’s cloud-based platform is designed to help agencies build accessible, fraud-resilient benefit programs that reduce administrative burden, increase efficiency, and provide transparency.
With funding structures shifting under the new federal administration, state and local governments expect increasing pressure to implement new regulations while facing dwindling resources and capacity constraints. Many agencies are tasked with improving efficiency but lack the technological infrastructure to do so effectively. AidKit’s platform directly addresses these challenges by streamlining aid administration, reducing manual workload, and enhancing fraud protection, ensuring funds reach those who are eligible and in urgent need.
KEY QUOTES:
“This investment marks a significant milestone in our mission to transform the way aid is delivered. With Blueprint Equity’s support, we will continue to innovate and ensure that assistance reaches those who need it in a more timely and respectful manner. This investment accelerates our ability to drive meaningful, lasting change in communities across the country.”
– Brittany Christenson, CEO of AidKit
“Government agencies and nonprofits often rely on time-intensive, manual processes to deliver aid and benefits which ultimately increases unnecessary costs to both government and nonprofits. AidKit’s platform consolidates multiple tools into a single, user-friendly, AI-powered solution, streamlining aid distribution while reducing administrative burden. By getting critical funds to people faster and preventing fraud, AidKit helps ensure that resources reach those in need efficiently, ultimately maximizing the impact of disaster relief and cash assistance programs.”
– Sheldon Lewis, managing partner at Blueprint Equity
