Fundraise Up Raises $70M for Nonprofit Fundraising Tech

Fundraise Up, a leading provider of advanced fundraising technology for nonprofits, has announced a $70 million growth capital investment led by Summit Partners, with participation from Telescope Partners, an existing investor.

This investment is set to accelerate the company’s mission to transform online fundraising through AI-powered solutions and global expansion.

The company plans to use the capital to expand its innovative product offerings, enhance global market accessibility, and further optimize online donation experiences for nonprofit organizations worldwide.

About Fundraise Up

Since its founding, Fundraise Up has revolutionized the way nonprofits approach online fundraising. By combining cutting-edge AI technology with an unwavering focus on donor engagement, the platform enables organizations to increase revenue and create personalized giving experiences.

Today, Fundraise Up serves nonprofits ranging from mid-sized organizations to global enterprises. The platform continues to set new standards for fundraising success, helping nonprofits achieve their missions with greater efficiency and impact.

Founded in 2017 by Peter Byrnes, Yuriy Smirnov, and Anton Isaykin, Fundraise Up was created to address the inefficiencies of traditional online donation processes.

Leveraging predictive AI technology, the platform removes common donor barriers, streamlining the donation experience and boosting fundraising success.

Fundraise Up’s unique transaction-based pricing model, which eliminates contracts and fixed fees, has attracted a diverse clientele, including organizations such as UNICEF USA, The Salvation Army UK, the Canadian Red Cross, and the American Heart Association.

“Nonprofits deserve access to the same advanced technology that drives success in the e-commerce space,” said Peter Byrnes, CEO of Fundraise Up. “This investment allows us to scale our team, enhance our offerings, and continue simplifying the donation process for nonprofits globally. Summit Partners’ expertise and support will help us deliver even greater impact.”

Addressing the Challenges of Online Giving

With online giving growing rapidly, many nonprofits face challenges due to outdated technology that hampers fundraising efforts.

The platform’s focus on personalized, data-driven solutions has earned it a reputation as a best-in-class provider for nonprofits of all sizes. Its ability to simplify and optimize online giving ensures a seamless experience for donors while maximizing fundraising potential.

Expanding Global Reach with a Localized Approach

Whether you’re a grassroots charity or a global NGO, this investment will help the company bring tools to organizations across the world. By broadening their global footprint, they aim to provide:

• Localized features that address regional nuances in donor behavior and engagement.
• Enhanced multilingual support for seamless communication with donors anywhere, anytime.
• A stronger network of resources tailored to diverse nonprofit needs.

The impact of this global expansion will be tangible, equipping organizations of all sizes to reach donors in meaningful, culturally relevant ways.

Scalable Support for Growing Missions

The company understands that as a nonprofit grows, needs evolve. That’s why this investment isn’t just about technology; it’s about strengthening the infrastructure. Key initiatives include:

• Hiring more customer support specialists to ensure personalized, timely assistance.
• Building a more robust platform infrastructure capable of handling organizations of all sizes.
• Expanding our engineering and product development teams to bring innovative solutions to market faster.

President Adam Johnson:

“This investment allows us to continue to bring the most innovative and impactful product to market for many, many years to come.”

Looking Ahead

This investment marks a significant step forward for Fundraise Up and the nonprofit sector at large. By enhancing its technology, scaling operations, and expanding its global reach, Fundraise Up is poised to empower more organizations to unlock the full potential of generosity and achieve transformative results.