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GiveSignup Closes Series A Funding Round To Compete With Eventbrite, GoFundMe and Classy

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First Purpose-Built Event and Donation Platform for Nonprofits Launches Into $50B+ U.S. Market for Online Giving as Virtual Events Heat Up and Live Events Return

MOORESTOWN, N.J. - eTradeWire -- GiveSignup Closes Series A Funding Round To Compete With Eventbrite, GoFundMe and Classy
  • CloudBees founder and former Eventbrite CFO invest
  • 100+ new nonprofits onboarding weekly to base of 9,000+ nonprofits
  • Highly vertical technology stack delivers 2,000+ annual updates with zero downtime
GiveSignup, the first purpose-built Supporter Engagement Platform for nonprofit revenue generation, today announced closing of its Series A funding round with a 25% boost from new investors: CloudBees Founder Sacha Labourey and former Eventbrite CFO Randy Befumo. Led by Payroc in September 2020, the total Series A round closes at $3.2 million.

"We're a kick-ass technology company well-positioned to seize the $50+ billion U.S. market for online giving," shared Bob Bickel, founder and CEO of RunSignup | GiveSignup and investor in the Series A round. "With our seasoned team of tech nerds, we were able to quickly pivot from live to virtual events in 2020; onboard 50% more nonprofits annually; and deliver 2,000+ technology updates to help our customers navigate the pandemic, raise money, and engage with supporters."

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GiveSignup has entered the nonprofit tech market at scale by leveraging the existing customer base of its already established 9,000+ nonprofits on the RunSignup platform, the largest all-in-one, trusted platform for endurance races and events. Spurred by customers asking for support for Giving Tuesday campaigns, golf tournaments, galas, birthday fundraisers and more, GiveSignup shares the same highly vertical technology stack and integrated payment model of RunSignup yet features a separate ticket and fundraising platform purposefully built for nonprofits.

Technology Wins

The nonprofit software industry is highly fragmented and characterized by intense rivalry. Primarily served by marketing and sales-driven firms, nonprofit organizations often pay expensive subscription fees and are locked into exclusive contracts for antiquated technology.

"Technology wins. By combining a self-serve based customer interaction model with a transaction-based pricing model, we are able to offer free and flexible tools with no subscription fees or lock-in. This level of customer alignment means we are highly motivated to find ways to help our customers generate revenue," added Allison Bickel, GiveSignup product leader. "We engaged more than 100,000 customers in 2020 — this not only fuels our development effort but also delivers better products at lower costs to nonprofits."

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Technology Platform Innovations

GiveSignup is an all-in-one, peer-to-peer, open-API, SaaS platform. Its continuous development model enables GiveSignup to go to market faster with innovative capabilities that make it easy for nonprofits to use the technology with no costly human intervention. ...

Visit https://www.givesignup.org/ to view full release: http://ow.ly/r8hw30rycUN.

Dottie ORourke

Source: GiveSignup
Filed Under: Non-profit

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