FintekNews Deal of the Day – Classy Raises $30M

According to their Crunchbase listing, “Classy is the world’s largest fundraising platform for social good organizations. Since 2011, they’ve enabled 1.3 million people across 300K individual campaigns to raise over $130M for social good organizations. From cutting-edge health programs to educational advancement, their customers are tackling the world’s greatest challenges with the power of the Classy platform, including Oxfam, National Breast Cancer Foundation and Invisible Children. The company was founded in 2006 by a couple of friends who were looking to fundraise for charity, but didn’t know how to get started. Recently, the founders were selected by Bloomberg Businessweek as one of the top 5 most promising social entrepreneurs in America. The company is also the host of the Classy Awards, the largest philanthropic awards show in the Country.”

Their website also offers a blog, guides to fundraising, webinars and podcasts.  NFPS and those raising money for them can set up crowdfunding and P2P programs, or build websites for fundraising.  Particularly interesting is the integration of the site with CRM behemoth Salesforce, who is also a customer via their foundation.  Great lookinig site, always love to see socially conscious companies like this succeed, and they just got a wad of capital for their good efforts. 

Total Equity Funding
$48M in 4 Rounds from 11 Investors

Most Recent Funding
$30M Series C on November 1, 2016

Read Full Listing at Crunchbase