Today, Givebutter, the leading platform for nonprofit fundraising and CRM, announces a $50 million funding from BVP Forge, the dedicated fund of Bessemer Venture Partners, with participation from Ardent Venture Partners.
This investment highlights another successful year for Givebutter, during which the platform saw both significant growth and donations exceeding $1 billion.
Notably, the latest funding round is set to boost Givebutter's development as it aims to become the core operating system for nonprofit organizations worldwide.
Navid Oreizy, Partner at BVP Forge, commented on the latest investment, noting,
"With Bessemer’s backing, known for supporting giants like Shopify and Canva, we are excited to propel Givebutter to new heights in the nonprofit sector." This partnership will utilize Bessemer’s experience to accelerate Givebutter’s growth and enhance its service offerings.
Max Friedman, co-founder and CEO of Givebutter, highlighted the importance of the investment, stating,
"This isn’t just an investment in our platform; it’s an investment in every changemaker who uses our technology to foster global positive change."
Brian Cramer, BVP Forge Operating Partner, also commented on the momentum at Givebutter,
"The team at Givebutter has demonstrated remarkable progress and innovation. We’re thrilled to support them as they continue to expand and refine their services."
Additionally, the platform, already relied upon by over 35,000 nonprofits, plans to improve its customer service and increase its charitable activities, demonstrating its dedication to supporting innovators and making a greater impact in the community.
Liran Cohen, co-founder and CTO of Givebutter, reflected on the journey,
"Our technology has already made a significant difference, and we are just getting started."
Conclusion
With the latest infusion of funds, Givebutter is set to introduce new features like an automated workflow solution to help nonprofits manage tasks and donor interactions more effectively later this year. The platform, already serving over 35,000 nonprofits, plans to expand its customer service and philanthropic efforts.
