Tuesday, November 1, 2016
Classy Collects $30M For Nonprofit Fundraising
San Diego-based Classy, the online software developer which helps nonprofits and other social enterprise raise money, has raised $30M in a Series C funding round. The funding was led by JMI Equity, and also included Bullpen Capital, Galileo Partners, Mithril Capital Management and Salesforce Ventures. Classy is led by Scot Chisolm. According to the company, Brian Hersman, General Partner at JMI Equity, joins the company's board with the funding. Classy said it will use the funding to expand its engineering and design teams. The company's software platform is used by nonprofits for crowdfunding, online donations, and event management.