Photo via Virtuous

The deals and investments in the nonprofit tech space continue. Virtuous, a responsive fundraising software, announced $100 million growth investment through a funding round led by Susquehanna Growth Equity (SGE), an entrepreneur-centric growth equity firm. 

With this new capital, Virtuous plans to expand its suite of tools designed for data-driven insights, seamless integrations, and a more personalized approach to fundraising.

“We are incredibly excited to partner with SGE for this critical phase of our growth,” said Gabe Cooper, CEO of Virtuous. “Their investment not only provides us with the resources to continue advancing our technology but also reinforces their belief in our vision to help nonprofits succeed. SGE’s team has a long-term mindset that will allow Virtuous to continue building an enduring business and putting our customers first.”

The funding will enable Virtuous to accelerate the development of new features including AI tooling, expanded integrations, third-party data insights, and platform upgrades based on the needs of its users, according to the firm.

In addition to product development, Virtuous will invest in expanding its customer success and services teams to provide support and playbooks to its base of nonprofit users. The firm is targeting $10 billion of net new generosity globally.

“We are proud to partner with Virtuous in its mission to revolutionize nonprofit fundraising through its innovative and proven approach to CRM,” said Ben Weinberg, managing director at SGE. “Virtuous enables nonprofits to better identify potential fundraising opportunities through their seamless software with actionable reporting capabilities, integrated marketing tool, and online giving platform. Gabe and his talented team have built market-defining software that is helping drive growth across an array of impactful initiatives and we look forward to helping support their growth.”

SGE has invested in excess of $4 billion to more than 100 technology and services companies during the past 18 years and has portfolio companies across the U.S., Canada, Europe, and Israel. Weinberg and Aneesha Raghunathan of SGE will join Virtuous’ board of directors.

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Source From Non Profit Times