FundMiner, an El Paso, TX-based provider of an AI-powered platform that helps fundraising organizations measure and maximize impact, raised $1.725M in funding.
The round was led by Sonoran Founders Fund followed by Techstars, Cascade Seed Fund.
The company intends to use the funds to accelerate its growth and expand its reach in the advancement technology space.
Founded in 2022 by Chelsea Lamego and Alejandro Stevenson-Duran, FundMiner provides a software platform that helps large fundraising organizations, like universities and community foundations, automate and simplify management of their philanthropic funding. By bringing together data from previously siloed systems and applying intelligent analytics, the company enables customers to experience more effective capital utilization, increased fundraising revenue and improved donor satisfaction.
The AI-powered platform:
- Makes fund data accessible
- Reduces siloed systems
- Tracks fund usage & compliance
- Increases automation and efficiency
- Offers a portal to provide easy impact reporting
- Uses intelligent analytics to help leaders make informed decisions
- Reduces risks related to negative publicity and legal exposure
- Is complementary to products that many users already have in place, like Blackbaud’s Raiser’s Edge, Oracle’s Peoplesoft and Salesforce
The company serves an array of businesses and nonprofits, from higher education & K-12 schools, to nonprofits & community foundations, academic medical centers, arts & cultural organizations, religious organizations and beyond.
FinSMEs
22/06/2023