Classy Closes $30M Series C Financing
Summary
Classy, a San Diego, CA-based fundraising platform for social enterprises, closed a $30m Series C financing.The round was led by JMI Equity, a growth equity firm focused on investing in software companies, with participation from existing investors Bullpen Capital, Galileo Partners, Mithril Capital Management and Salesforce Ventures.As part of the Series C financing, Brian Hersman, General Partner at JMI Equity, will join the company’s board of directors.Since launching in 2011, the platform – fundraising suite – which includes crowdfunding, peer-to-peer fundraising, online donations and event management – has supported the raising efforts of more than 2,500 social enterprises including Oxfam, World Food Program USA, and National Geographic.Classy, which employs a staff of over 200 people, intends to invest in four main areas including fundraising automation, recurring donation management, internationalization and strengthen the integration with Salesforce.
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