RaiseNow, a Zurich, Switzerland-based charitable giving technology provider, raised USD6M in Series A+ funding.
The round was led by SIX Fintech Ventures, with existing investor PostFinance and individual investors participating in the round. Ivo Francioni, a private investor and fintech veteran, will also join RaiseNow’s Board of Directors.
The company intends to use the funds for further investment in its technology capacity.
Founded in 2015 and led by Marco Zaugg, CEO, RaiseNow provides a fundraising solution to handle all the needs of a nonprofit organization – from online donation and payment processing, to peer-to-peer fundraising and integrations with existing tools. It currently support over 4,000 organizations around the world – including Save the Children International, WWF, Amnesty, UNICEF – processing more than 2.5 million transactions and a donation volume of over €300m.
The financing round followed a strategic merger earlier this year between RaiseNow and Altruja, a fundraising technology company specialised in the growth of digital fundraising in Germany and Austria.
RaiseNow has active offices in Berlin and Munich.