Charity fundraising technology provider RaiseNow has secured a $6 million series A+ investment from SIX Fintech Ventures and existing investor PostFinance, as well as several individuals.
Headquartered in Zurich with active offices in Berlin and Munich, RaiseNow helps non-profit organisations find supporters, rally communities, raise funds, and create impact.
The series A+ round followed a strategic merger earlier this year between RaiseNow and Altruja, a fundraising technology company specialising in the growth of digital fundraising in Germany and Austria.
With PostFinance, the financial services unit of Swiss Post, increasing its stake in the fintech company after being a current investor for more than three years, the latest funding will be used for further investment in RaiseNow’s technology capacity.
“In terms of feature-density, user experience, and quality of integrations, RaiseNow is the best-in-class technology provider in the growing fundraising space,” commented Patrick Graf, head of corporates at PostFinance. “We are pleased to back this standout player once again—not just for their performance today, but also what they will evolve to be in the future .”
SIX Fintech Ventures, which led the funding round, is the corporate venture capital arm of SIX.
Andreas Iten, managing director of SIX Fintech Ventures, said: “We are committed to supporting startups that leverage the power of cutting-edge technologies in order to transform the Swiss financial sector. Not only does RaiseNow offer superior fundraising technology, they also provide a superb customer experience.”
“We are convinced that RaiseNow will continue to enable non-profit organisations by developing the latest payment technology, such as through its cooperation with TWINT, the biggest mobile payment provider in Switzerland.”
Another prominent investor who featured in the round was Ivo Francioni, a private investor and fintech veteran. Francioni will join RaiseNow’s board of directors.
Marco Zaugg, founder and chief executive officer of RaiseNow, said: “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.”
“Having the strong commitment and domain expertise of our existing and new investors will help us execute our vision even more rapidly and broadly.”