Salsa Labs, Inc., a Washington, DC-based provider of an online fundraising, advocacy, email, social media and donor management platform for nonprofits and campaigns, raised $5m in funding.
The round was led by existing investor Edison Ventures with participation from Maryland Venture Fund. In conjunction with this financing, Salsa added Norm Weissberg, the former vice president of sales of Vocus (NASDAQ: VOCS) and member of the Edison Director Network, and Don Clarke, the former chief financial officer of Eloqua (acquired by Oracle) to its board of directors.
The company intends to use the funds to continue to grow operations invest in supporter-centric product innovation.
Led by Scott Stouffer, chief executive officer, Salsa provides more than 2,000 organizations and 15,000 campaign managers organizations with software to build relationships, grow their member base, and actively engage supporters. It allows nonprofits and political campaigns of any size to organize their supporters and chapters, fundraise, advocate, communicate through email and social media, host events and measure results.
The company also provides strategic best practices, training, support and an online community,
Existing customers include Protect Our Defenders, Aid for Africa, Global Zero, National Physicians Alliance, Bikes for the World and Campaign for Tobacco Free Kids.
FinSMEs
30/05/2014
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