A Timely Investment: Summit Partners’ Investment in Fundraise Up
02.04.25
Features

The recent federal grant freeze has caused confusion for non-profit organizations that rely on government aid to stay afloat. For Fundraise Up – a software company dedicated to helping non-profits worldwide both survive and thrive – it was time to spring into action.

The company, which uses predictive AI in donor experiences, immediately began reaching out to its bewildered clients, lending a shoulder and ear to those facing this bureaucratic mess. They also shared a lifeline: Its non-profit toolkit for digital fundraising.

“Unlike federal grants, which can be subject to political whims and bureaucratic delays,” wrote Co-Founder and CEO Peter Byrnes, “online donations can be solicited and received quickly. This flexibility is crucial in times of crisis, allowing nonprofits to respond rapidly to changing circumstances.”

The good news for Fundraise Up in its financial first responder role is that, earlier in January, it recently received a $70 million growth capital investment led by Summit Partners. That influx of cash will enable the company, which was founded in 2017, to help its clients through these difficult times.

There are prescient investments, and there are prescient investments. This is the second one.

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