Fluxx raises $16 million for software to manage foundation grants

Fluxx has raised $16 million for software to manage foundation grants.

Fluxx’s software helps philanthropies manage their grant disbursements and bids for funding.

Clients include the Ford, MacArthur and Knight foundations.

The Series B round was led by Canvas Ventures, with backing from Kresge Foundation and Felicis Ventures.

Fluxx will use the funding to develop its platform, which caters to endowments of as little as $1 million to $10 billion.

This post originally appeared in ImpactAlpha’s daily newsletter. Get The Brief.

Photo credit: Fluxx

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