San Diego based social enterprise fundraising platform classy has raised $30m in Series C funding led by JMI Equity. As part of the Series C financing, Brian Hersman, General Partner at JMI Equity, will join the company’s board of directors.
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Classy closes $30m Series C
The company intends to use the funds to expand its engineering and design teams. Led by Scot Chisholm, CEO and co-founder, Classy provides a fundraising platform for social enterprises. Since launching in 2011, the platform – fundraising suite – which includes crowdfunding, peer-to-peer fundraising, online donations and event management – has supported the raising efforts of more than 2,500 social enterprises including Oxfam, World Food Program USA, and National Geographic. Classy, which employs a staff of over 200 people, intends to invest in four main areas including fundraising automation, recurring donation management, internationalization and strengthen the integration with Salesforce.
