Salsa Labs Receives $2M in Venture Debt Financing from Wellington Financial
Summary
Salsa Labs, a Washington, D.C.-based provider of software solutions for nonprofit organizations, received $2m in venture debt financing from Wellington Financial.The company intends to use the develop and enhance platform’s existing capabilities.Led by Scott Stouffer, CEO, Salsa Labs provides nonprofit organizations with an online organizing platform to grow and engage their supporter base for their respective causes.It allows groups of all sizes to organize their supporters and chapters, fundraise, advocate, communicate through email and social media, host events and measure results.The company currently serves more than 2,000 organizations and their more than 75 million donors, members, activists and fans across the globe.
Funding
Amount
$2.0M
Total raised
Date
August 14, 2013
Announcement date
Investors
Wellington Financial, Salsa Labs
Lead investors
Company
http://www.salsalabs.com
Funded company
Classifications
industries
Non-Profit
applications
Sales and Marketing
AskAI Classifications
Labels
No AI classifications detected
Linked Companies
Salsa Labs
$10M to $25M