Enthuse, a UK-based donations, fundraising and events platform, secured £3.5m in Series A funding.
The round, which brought total funding raised to date to £7.5m, was led by Praetura Ventures. Praetura Ventures’ investment manager Sim Singh-Landa will join the Enthuse board as a non-executive director and David Foreman, managing director of Praetura Ventures, will join as an observer.
The company intends to use the funds to develop and extend its product offering, as well as expand its offering into new international markets, and double the size of its team from 50 to 100 strong employees.
Led by Chester Mojay-Sinclare, Founder and CEO, Enthuse provides charity-branded donation, fundraising and event management tools to more than 4,000 charities, and has allowed them to raise more than £100 million to date. Through a range of white-labelled, fully customisable tools and platform technology, the company helps charities improve their brand recall, build and nurture a loyal supporter base, raise more funds and ultimately have more impact. Products include branded payment and communication solutions, virtual fundraising tools, data management and event registration software, as well as a corporate platform for employee engagement.
It supports 1 in 5 of the UK’s largest charities, including Macmillan Cancer Support, NSPCC, WWF, Save the Children.
FinSMEs
22/03/2021