Givebutter Raises $50M in Growth

Givebutter has successfully raised $50M in a Growth at a $300M valuation led by JMI Equity, Bessemer Venture Partners.

Company Overview

Givebutter is a SaaS company headquartered in Austin, TX, founded in 2016 with 200+ employees.

Fundraising and donor management platform for nonprofits

Fundraising Details

Amount Raised: $50M
Round Type: Growth
Valuation: $300M
Date: 2024-04-29
Investors: JMI Equity, Bessemer Venture Partners

About Givebutter

Fundraising and donor management platform for nonprofits The company is positioned in the SaaS sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Austin, TX
Founded: 2016
Team Size: 200+
Industry: SaaS

What This Means

This funding round demonstrates strong investor confidence in Givebutter's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The SaaS sector continues to attract significant investment as companies innovate to meet evolving market demands. Givebutter's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $300M valuation marks an important milestone for Givebutter, positioning the company among notable players in the SaaS industry.

Looking Ahead

With this new capital, Givebutter is well-positioned to execute on its growth strategy and continue building innovative solutions in the SaaS space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-04-29. For more information about Givebutter, visit their headquarters at Austin, TX.