The Briefing: Octopus Deploy Secures $172.5M, Classy Lands $118M, And More
Summary
Classy, operator of an online platform used in nonprofit fundraising, reportedly raised $118 million in a new funding round backed by Norwest Venture Partners and other investors. Founded in 2009, San Diego-based Classy previously raised around $65.5 million in venture funding, per Crunchbase data. Co-founder and President Michele Romanow said in a statement that Clearco has invested $2 billion in more than 4,000 companies, and the company’s new name “reflects our broad commitment to partnering with founders to build thriving businesses.” The new funding comes two months after the unveiling of Clearco’s new investment vehicle, ClearAngel, from which the company intends to lend $100 million to support founders who don’t have access to angel investors, an experienced board or adviser network. The Tifin Group inks $22.3M: The Tifin Group, a Boulder, Colorado-based fintech platform that invests in technology companies that bridge the gap between investors and investments, closed on $22.3 million in Series B funding and added J.P. Morgan Asset Management, Morningstar and Broadridge as strategic partners. The round was led by Invus Opportunities with participation from Renegade Partners and Gaingels as well as existing investors G20, Work-Bench, Alleycorp, Bullpen Capital and Accomplice.
