FarmRaiser, a Richmond, VA cloud-based software provider of a two-sided marketplace and product fundraising tools, completed an oversubscribed Series A funding round.
The round was led by new investor 1219 Capital Partners, with participation from the Center for Innovative Technology (CIT) and others.
Funds will be used for product development, marketing, and customer success. The funds will allow more businesses and charities to manage and grow their product fundraising programs.
Company: FarmRaiser Inc.
Raised: Undisclosed
Round: Series A
Funding Month: November 2021
Lead Investors: 1219 Capital Partners
Additional Investors: Center for Innovative Technology (CIT)
Company Website: http://www.farmraiser.com/
Software Category: turnkey SaaS platform
About the Company: FarmRaiser is a marketplace and platform that connects companies with schools, churches, and civic groups that want to raise money by selling healthy products. Suppliers list products in a wholesale marketplace where organizers can quickly discover and select products and launch custom crowdfunding campaigns. Launched in 2015 to provide digital solutions in a $10 billion segment of the $470 billion charitable giving market, FarmRaiser is engineered to digitize and grow the industry by connecting suppliers with groups that want to hold product fundraisers. The platform provides a unique marketplace for hundreds of vendors supplying thousands of interesting products to fundraising organizations nationwide. FarmRaiser is based in Richmond, VA, and proud to be a majority woman- and person-of-color-owned business with new Co-Founders Victor Etongwe and Mariana LaFianza leading Marketing and Customer Experience, respectively, and joining long-time Co-founder Lauren Smith.
Source: https://www.businesswire.com/news/home/20211109006273/en/FarmRaiser-Raises-Capital-to-Expand-Fundraising-Platform