FOR IMMEDIATE RELEASE
GiveSignup Launches into $50 Billion U.S. Market for Online Giving with First Purpose-Built Event and Donation Platform for Nonprofits
Today,GiveSignup closed its Series A funding round with a 25% boost from new investors: CloudBees Founder Sacha Labourey and former Eventbrite CFO Randy Befumo, launching the company into the $50B+ U.S market for online giving. Led by Payroc in September 2020, this capital infusion brings the full amount invested to $3.2 million.
GiveSignup has entered the nonprofit tech market at scale by leveraging the existing customer base of its already established 9,000+ nonprofits on the RunSignup platform, the largest all-in-one, trusted platform for endurance races and events. Spurred by customers asking for support for Giving Tuesday campaigns, golf tournaments, galas, birthday fundraisers and more, GiveSignup shares the same highly vertical technology stack and integrated payment model of RunSignup yet features a separate ticket and fundraising platform purposefully built for nonprofits.
The nonprofit software industry is highly fragmented and characterized by intense rivalry. Primarily served by marketing and sales-driven firms, nonprofit organizations often pay expensive subscription fees and are locked into exclusive contracts for antiquated technology.
GiveSignup is an all-in-one, peer-to-peer, open-API, SaaS platform. Its continuous development model enables GiveSignup to go to market faster with innovative capabilities that make it easy for nonprofits to use the technology with no costly human intervention
GiveSignup, the first purpose-built Supporter Engagement Platform for nonprofit revenue generation, leverages the organization’s all-in-one RunSignup SaaS platform, the largest and most trusted platform for 22,000+ endurance races and events, supporting 9,000+ nonprofits annually. Uniquely built on a highly vertical technology stack with an integrated payment model, GiveSignup empowers nonprofits to raise money and engage supporters — from live and virtual run/walk/ride and ticket events to donation sites and fundraising campaigns. For more information, visit www.givesignup.org, or follow GiveSignup on Facebook and LinkedIn.