Virtuous Software Raises $100M in Growth

Virtuous Software has successfully raised $100M in a Growth at a $600M valuation led by Susquehanna Growth Equity, Summit Partners.

Company Overview

Virtuous Software is a SaaS company headquartered in Phoenix, AZ, founded in 2014 with 300+ employees.

Fundraising and donor management software platform for nonprofits

Fundraising Details

• Amount Raised: $100M
• Round Type: Growth
• Valuation: $600M
• Date: 2024-10-22
• Investors: Susquehanna Growth Equity, Summit Partners

About Virtuous Software

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

Key Information

• Headquarters: Phoenix, AZ
• Founded: 2014
• Team Size: 300+
• Industry: SaaS

What This Means

This funding round demonstrates strong investor confidence in Virtuous Software'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. Virtuous Software's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $600M valuation marks an important milestone for Virtuous Software, positioning the company among notable players in the SaaS industry.

Looking Ahead

With this new capital, Virtuous Software 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 2024-10-22. For more information about Virtuous Software, visit their headquarters at Phoenix, AZ.