- Fundraiser enablement solutions company Gravyty announced it raised $21 million from K1 Investment Management
Gravyty, a fundraiser enablement solutions company powered by artificial intelligence, announced it has raised $21 million from K1 Investment Management. K1’s investment will empower Gravyty with the resources to continue its aggressive growth in bringing AI-assisted fundraiser enablement to the social good sector, which includes higher education institutions, nonprofits, healthcare organizations, and hospitals.
“I’m excited for this next step in Gravyty’s journey as we expand the use of artificial intelligence to solve the world’s biggest challenges through philanthropy,” said Gravyty CEO Adam Martel. “As the first company focused solely on building AI tools to empower fundraising operations, Gravyty has unlocked efficiencies and results that are orders of magnitude beyond what was previously possible. K1 has unparalleled experience in assisting innovative software companies such as ours scale through its operational support, and we couldn’t be more excited to partner with their team to make AI accessible to all nonprofit organizations.”
Gravyty already empowers thousands of frontline fundraisers at leading nonprofits, colleges and universities, hospitals, and healthcare organizations.
“We are honored that Adam, Rich and the Gravyty team chose K1 as their preferred investment partner, and look forward to supporting them as they cement their position as the market leader in fundraiser enablement,” stated Mike Velcich, Principal at K1. “The direct return on investment that Gravyty’s platform provides by increasing the quantity and quality of donor relationships has clearly resonated with its customers.”
Gravyty transforms how fundraisers build relationships with top donors. And its customers expand their fundraising workforces without making additional hires, build donor pipeline at scale, inspire giving, and raise revenue on their missions to change our world.
“Higher Education is going to change more in the next ten years than it has in the past 100. I believe this means that our sector’s best days lie ahead as we learn to leverage disruptive technologies. Gravyty is already transforming how fundraising can work by leveraging artificial intelligence and machine learning, and those results allow us to fund student success, leading research, and more at Westmont College,” added Reed Sheard, Vice President for College Advancement and Chief Information Officer, Westmont College.
Gravyty’s suite of SaaS-based fundraiser enablement solutions empower frontline fundraisers to personalize outreach, build new relationships with prospects, and deepen relationships with donors faster and more efficiently than with traditional methods.
“For 15 years, Cure Alzheimer’s Fund has provided research grants to the world’s leading scientists who are working to understand the disease and find effective treatments. Gravyty and artificial intelligence empower our fundraisers to achieve high-volume and personal outreach as we strive to establish multiple touchpoints with our ever-growing donor pool. Not only are we talking to more people because of Gravyty… we’re also inspiring giving that will lead to a cure,” explained Laurel Lyle, Vice President of Development Operations and Fundraising Programs at Cure Alzheimer’s Fund.