Deal Dive: Givebutter is turning a profit making tech for nonprofits

Deal Dive: Givebutter is turning a profit making tech for nonprofits

2 weeks ago
Anonymous $6hYC3Wwiad

https://techcrunch.com/2024/04/27/deal-dive-givebutter-is-turning-a-profit-making-tech-for-nonprofits/

Givebutter started in a George Washington University dorm room in 2016 as a software solution to make nonprofit fundraising more transparent and fun. Eight years later, the company is profitable and it just raised $50 million to scale as momentum for nonprofit-focused startups appears to be growing.

The company’s co-founder and CEO, Max Friedman, fundraised for a variety of organizations in college, ranging from raising for GW’s Greek life to raising for national nonprofits like TAMID. Friedman told TechCrunch that regardless of the size or scope of the organization he was fundraising for, they all had the same problem: They all used a disjointed mix of one-solution tech software that didn’t really make the process better and often came with hidden fees.