Salsa Labs Receives $2M in Venture Debt Financing from Wellington Financial

Published On August 14, 2013 |

Salsa Labs, a Washington, D.C.-based provider of software solutions for nonprofit organizations, received $2m in venture debt financing from Wellington Financial.

The company intends to use the develop and enhance platform’s existing capabilities.

Led by Scott Stouffer, CEO, Salsa Labs provides nonprofit organizations with an online organizing platform to grow and engage their supporter base for their respective causes. It allows groups of all sizes to organize their supporters and chapters, fundraise, advocate, communicate through email and social media, host events and measure results. The company currently serves more than 2,000 organizations and their more than 75 million donors, members, activists and fans across the globe.

It is a portfolio company of Edison Ventures (read here).

FinSMEs

14/08/2013

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