StratusLIVE, LLC, a Virginia Beach, VA-based provider of enterprise-class cloud-based fundraising software and social CRM solutions to nonprofit organizations, received $3m in growth capital.
Private investors partipated in the round.
The company intends to use the funds to expand its marketing and sales, product development, software implementation, and client support efforts.
Led by Jim Funari, CEO, StratusLIVE provides a cloud-based Software-as-a-Service (SaaS) solution – available via web, mobile devices, and Microsoft Outlook, that include fundraising, constituent relationship management, financial processing for donations and pledges, distributions and payouts, campaign management, multichannel marketing, and advanced analytics. StratusLIVE for Fundraisers includes event and volunteer management, planned giving, and data enrichment. Web-based portals facilitate online fundraising, workplace giving campaigns, and member agency support.
The software is used across the nonprofit community by clients such as United Ways, the Humane Society of the United States, National Wildlife Federation, Community Health Charities, YMCA of Greater Seattle, the Regional Food Bank of Oklahoma, and many others. Nonprofit sectors served include health and human services, NGOs, arts and culture, animal welfare, environmental protection, and faith-based organizations.