Zurich-based startup, RaiseNow has bagged €5 million in a Series A+ funding round held in October 2020, led by SIX Fintech Ventures along with participation from PostFinance and Ivo Francioni. Following the investment, Ivo Francioni is all set to join RaiseNow’s board of directors.
Proceeds from the funding round will be used by RaiseNow in developing its product suite and aiding its clients in finding supporters, securing funds, and making a difference.
Founded in 2016 by Marco Zaugg, Tsuyoshi Ito and Jürg Unterweger, RaiseNow builds digital fundraising technology to help non-profit organizations gain supporters, gather communities, raise funds, and create a worthy impact. Years of fundraising experience, technological know-how, and insights from the industry have helped the startup build its cohort of solutions that are helping supporters connect to their causes. The startup has offices in Berlin and Munich as well.
Up to now, the team has grown from 3 to 50, catering to almost 4K organizations around the world. In the last 6 months, the startup has expanded its fundraising network by partnering with TWINT, Salesforce, ClubDesk, Webling, and more.
CEO Marco Zaugg said that the solid commitment and expertise of the startup’s existing and new investors will help them implement their vision even more quickly and broadly. He quoted, “As an industry, we are just scratching the surface of how powerful fundraising technology can be when it’s combined with donor data, diversified channels, integrated and automated processes, and massive opportunities offered by dynamic shifts in the industry”.
Prior to this funding round, RaiseNow merged with Altruja, a fundraising technology company focusing on the growth of digital fundraising in Germany and Austria.
About SIX Fintech Ventures
SIX FinTech Ventures is the corporate venture capital arm of Six Group with its headquarters in Zurich, Switzerland. It seeks to invest in global early-stage startups in the fintech space.
Andreas Iten, Managing Director of SIX Fintech Ventures said that they are dedicated to supporting startups that leverage the power of trailblazing technologies in order to develop the Swiss financial sector. He was quoted to say, “Not only does RaiseNow offer superior fundraising technology, but they also provide a superb customer experience. We are convinced that RaiseNow will continue to enable non-profit organizations by developing the latest payment technology, such as through its cooperation with TWINT, the biggest mobile payment provider in Switzerland.”
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