Classy, a San Diego, CA-based fundraising platform for social enterprises, closed a $30m Series C financing.
The round was led by JMI Equity, a growth equity firm focused on investing in software companies, with participation from existing investors Bullpen Capital, Galileo Partners, Mithril Capital Management and Salesforce Ventures. As part of the Series C financing, Brian Hersman, General Partner at JMI Equity, will join the company’s board of directors.
The company intends to use the funds to expand its engineering and design teams.
Led by Scot Chisholm, CEO and co-founder, Classy provides a fundraising platform for social enterprises.
Since launching in 2011, the platform – fundraising suite – which includes crowdfunding, peer-to-peer fundraising, online donations and event management – has supported the raising efforts of more than 2,500 social enterprises including Oxfam, World Food Program USA, and National Geographic.
Classy, which employs a staff of over 200 people, intends to invest in four main areas including fundraising automation, recurring donation management, internationalization and strengthen the integration with Salesforce.