Altruja Raised Second Funding Round

Altruja, a Munich, Germany-based provider of social fundraising software, raised a second funding round of undisclosed amount.

Backers included existing investors High Tech Gründerfonds, Bayern Kapital, Extorel, 5 K Investment of Dr. Hellmut Kirchner and Dr. Manfred Ferber, as well as new investores HP Capital and MUN-IC.

The company intends to use the funds to expand its business activities internationally.

Co-founded in March 2010 by Nicolas Reis, Andreas Jagdhuber und Stefan Grothkopp, Altruja provides online fundraising tools that can be integrated into any website to non-profit organizations, political parties, universities, foundations and sport clubs. It features tools for peer-to-peer fundraising, corporate giving campaigns of firms, and for charity events.

The company’s solution is used by more than 300 customers from Germany, Austria, Switzerland, Italy, UK and Sweden.
Altruja currently has 10 employees.



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