ImpactAlpha, April 21 – San Diego-based Classy develops software to help nonprofits meet financial goals through traditional donations, peer-to-peer fundraising, events and crowdfunding. The company says 6,000 organizations have used the software to facilitate $3 billion in fundraising in 190 countries.
Classy’s $118 million Series D round was led by Norwest Venture Partners with backing from Salesforce Ventures, Udemy and others.
Nonprofits are “increasingly leaning on technology solutions” through the pandemic, says Norwest’s David Su.
Other platforms serving nonprofits: Charleston, S.C.-based Blackbaud, which acquired social crowdfunding platform JustGiving in 2017; TechSoup, which provides tech support and equipment; financial institutions like arts and culture fund Nesta and Nonprofit Finance Fund, which finance nonprofits transitioning to financially-sustainable models; and Ahmedabad, India-based Azaad De, which offers mobile communications and data collection tools for social enterprises and development organizations.