Virtuous Receives $100M Investment to Enhance Fundraising Software
Virtuous Secures $100M Investment for Growth
Virtuous, a leading provider of Responsive Fundraising Software, has achieved a major milestone by securing $100 million in a minority growth investment led by Susquehanna Growth Equity (SGE). This funding round is poised to significantly bolster Virtuous' mission to enhance fundraising capabilities for nonprofits and foster greater generosity worldwide.
Transforming Nonprofit Fundraising
The recent investment will primarily focus on product innovation, helping Virtuous introduce advanced tools tailored for nonprofit organizations. By harnessing this new capital, Virtuous imagines a suite of innovative solutions designed to provide nonprofits with invaluable data-driven insights and create more seamless integrations for improved operations.
CEO's Vision for the Future
Gabe Cooper, the dynamic CEO of Virtuous, expressed his enthusiasm regarding the partnership with SGE. He stated, "We are incredibly excited to partner with SGE for this critical phase of our growth. Their investment not only provides us with resources for advancing our technology but also showcases their belief in our vision to help nonprofits thrive." Cooper emphasizes that the partnership will facilitate the ongoing enhancement of services and technology, oriented towards nonprofit success.
Innovative Enhancements on the Horizon
With the backing from SGE, Virtuous plans to roll out several cutting-edge features. Key innovations will include enhanced artificial intelligence tools, expanded third-party integrations, and new data insights that align with user needs. These developments will keep Virtuous at the forefront of the sector, ensuring that nonprofits receive state-of-the-art resources to achieve their fundraising objectives.
Elevating Customer Support
The focus will not solely be on product development; Virtuous is also committed to growing its customer success teams. By investing in these areas, the company aims to offer comprehensive support and resources tailored to its diverse user base, thus maximizing the benefits nonprofits can derive from their platform.
Empowerment Through Technology
Virtuous is dedicated to empowering nonprofits with tools designed for holistic engagement with their donors. By facilitating personal relationships and offering actionable insights, the platform has proven effective in increasing donor retention rates and average contributions, all while reducing administrative burdens.
Strategic Partnership with SGE
Ben Weinberg, Managing Director at SGE, articulated his excitement about joining forces with Virtuous. He acknowledged the transformative capabilities of Virtuous' technology, enhancing nonprofits' ability to identify fundraising opportunities. With SGE's expertise and resources, Virtuous is positioned to solidify its standing as a leader in nonprofit fundraising innovation.
About Virtuous
Virtuous is committed to revolutionizing nonprofit fundraising. Serving tens of thousands of professionals, the company provides a comprehensive platform that includes CRM solutions, marketing tools, and analytics capabilities. Users often experience notable improvements in donor engagement and operational efficiency, solidifying Virtuous' reputation in the nonprofit sector.
About Susquehanna Growth Equity
Susquehanna Growth Equity (SGE) specializes in growth-stage investments, focusing primarily on technology and service-oriented companies. With a proven track record of investing substantial capital in market-leading organizations, SGE aims to provide entrepreneurs with the freedom and flexibility necessary to scale successfully.
Frequently Asked Questions
What is the purpose of Virtuous' recent funding round?
The funding is aimed at enhancing product innovation and expanding resources for nonprofits, driving greater generosity globally.
How will the new investments impact nonprofits?
Nonprofits will benefit from new features and enhanced customer support, enabling them to optimize their fundraising efforts and build stronger donor relationships.
Who led the investment in Virtuous?
The investment was led by Susquehanna Growth Equity, which specializes in backing growth-stage technology firms.
What is the vision of Virtuous for the future?
Virtuous aims to empower nonprofits through innovative tools and resources, facilitating personal relationships with donors and driving sustained giving.
Where can I learn more about Virtuous?
For more information, you can visit Virtuous' official website, where they provide detailed insights into their platform and services.
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