Bloomerang, a donor, volunteer, and fundraising administration software program platform for 1000’s of small and medium-sized nonprofits, introduced that it obtained an funding from Warburg Pincus, a world progress investor. The funding – mixed with JMI Fairness’s funding in 2020 and the corporate’s latest acquisition of Qgiv – will drive ongoing progress and success to assist Bloomerang ship a fully-integrated giving platform.
Bloomerang’s newest strikes and product improvements handle most of the frequent challenges that nonprofits face at present–discovering new donors, rising current relationships, and fundraising. By offering intuitive, easy-to-use donor administration, volunteer administration, and deep fundraising capabilities–in a single place, nonprofits will be capable to maximize the complete potential of their donor communities and finally elevate extra funding. This strategic funding from Warburg Pincus is targeted on persevering with firm progress, improvements within the nonprofit sector, and finally serving to nonprofits ship their mission.
“Warburg Pincus is thought for making investments in market leaders,” says Dennis Fois, Bloomerang’s chief govt officer. “Yr-over-year, Bloomerang prospects raised 25% extra on GivingTuesday 2023 than in 2022, whereas the broader sector remained flat. Our purpose is to ship a single giving platform that provides nonprofits the power to extend donors, donations, volunteers, and assist. This funding will assist speed up our mission to construct a world impressed by giving.”
“Bloomerang has lengthy been the clear market chief in donor and volunteer administration software program. The corporate’s highly effective but easy-to-use platform is extremely efficient in serving to prospects enhance donor retention and enhance supporter engagement,” says Sam Lipsick, managing director at Warburg Pincus. “We’re excited to assist Bloomerang and Qgiv coming collectively, to supply a good higher fully-integrated expertise for patrons throughout the nonprofit neighborhood,” added Andrew Park, managing director at Warburg Pincus.”
This funding comes on the heels of Bloomerang’s latest acquisition of Qgiv, a number one supplier of fundraising know-how options, in addition to the sooner acquisition of InitLive, a number one supplier of volunteer administration software program. The corporate now serves 23,000 nonprofit prospects, processes $1 billion in donations for nonprofits, and has plans to proceed to rent employees and add new sources to assist nonprofits succeed.
“Since partnering with Bloomerang in 2020, we’ve supported the corporate’s substantial progress–throughout prospects, revenues, and staff–and we all know that there’s much more room to develop,” mentioned Larry Contrella, normal accomplice at JMI Fairness and Bloomerang board member. “With Bloomerang’s dedication to intentional progress, serving to nonprofits succeed, fostering an organization tradition obsessed with nonprofits, and delivering product enhancements that elevate the bar, we’re assured that the corporate will additional strengthen its management place in nonprofit know-how.”
Andrew Park, Sam Lipsick, and Peter Kimmey from Warburg Pincus be part of JMI on the Bloomerang board. Since an preliminary funding from JMI Fairness in 2020, Bloomerang has greater than tripled the enterprise in income, staff, and nonprofits served.
The previous press launch was supplied by an organization unaffiliated with NonProfit PRO. The views expressed inside don’t immediately replicate the ideas or opinions of the employees of NonProfit PRO.