Givebutter, an all-in-one nonprofit fundraising and CRM platform, announced that it has closed a $50 million strategic growth investment led by BVP Forge (Bessemer Venture Partners’ dedicated investment fund for self-sustaining growing companies) and Ardent Venture Partners.
This funding round follows another year of rapid and profitable growth for Givebutter, during which total donations on the platform crossed $1 billion.
Since its founding, Givebutter has emphasized profitable and efficient growth and scaled to millions in revenue at accelerating growth rates. This was accomplished without mergers or acquisitions, which have impacted many nonprofit organizations seeking an all-in-one solution elsewhere.
This funding round will accelerate the development of Givebutter’s all-in-one fundraising and CRM platform, which 35,000+ nonprofits now depend on to raise more for their missions. And Givebutter’s seamless platform provides nonprofits with a 360-degree view of their donor data alongside a complete set of fundraising solutions, including donation forms, fundraising campaigns, events, auctions, texting, email, direct mail, major giving, and more. Later this year, Givebutter plans to reveal a first-of-its-kind workflow solution to help nonprofits automate tasks and donor journeys across its all-in-one platform, saving time and growing impact.
Additional plans to increase investment in Givebutter’s community of changemakers are already underway. And these plans include both new and existing customer-focused initiatives, such as expanding Givebutter’s award-winning, free customer service to be available 24/7 and growing the impact of Givebutter Gives Back, the company’s philanthropic initiative for elevating and directly supporting nonprofits on the platform.
KEY QUOTES:
“Givebutter is set to become the leading platform for nonprofits to better engage their donors and amplify their missions. We look forward to leveraging Bessemer’s proven track record with category-defining companies like Shopify, Canva, and Toast to further accelerate Givebutter towards its goal of becoming the operating system for nonprofits.”
– Navid Oreizy, Partner at BVP Forge
“Changemakers are at the heart of everything we do at Givebutter, and this investment represents an investment in them. We are building the home for changing the world, and there’s no butter place for nonprofits to be.”
– Max Friedman, co-founder and CEO of Givebutter
“Givebutter has built an incredible product, team, and community which we are excited to help supercharge in the years to come. They’re already on a roll and it’s only going to get butter from here.”
– Brian Cramer, BVP Forge Operating Partner
“It’s incredible to see the impact our technology has had on so many organizations and the impact those organizations have had on the world. Our team is energized, and we’re only getting started.”
– Liran Cohen, co-founder and CTO of Givebutter
