Swiss startup RaiseNow has landed around €5 million in a Series A+ investment round, led by SIX Fintech Ventures with PostFinance and other individual investors. The fresh funds will go towards enhancing its product suite and helping its user community of ‘changemakers’ find supporters, raise funds, and create impact.
Founded in 2016, headquartered in Zurich, and with active offices in Berlin and Munich, the RaiseNow builds fundraising technology to help non-profit organisations find supporters, rally communities, raise funds, and create impact. Its tools and solutions, built upon years of fundraising experience, technological expertise, and learnings from the industry, create better journeys connecting supporters to their causes.
So far the team has grown from 3 to 50, serving over 4,000 organisations around the world. Within the last six months, the startup has extended its fundraising ecosystem by forging new partnerships with TWINT, Salesforce, ClubDesk, Webling, and more, and greatly expanded product functionality.
“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”, said Marco Zaugg, Founder and CEO of RaiseNow. “Having the strong commitment and domain expertise of our existing and new investors will help us execute our vision even more rapidly and broadly.”
SIX Fintech Ventures, the corporate venture capital arm of SIX, and PostFinance, the financial services unit of Swiss Post, both invest in innovative high-potential startups in the fintech sector. Another prominent investor featured in the round was Ivo Francioni, a private investor and fintech veteran, who will also join RaiseNow’s Board of Directors.
This financing round also followed a strategic merger earlier this year between RaiseNow and Altruja, a fundraising technology company specialised in the growth of digital fundraising in Germany and Austria.
“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”, commented Andreas Iten, Managing Director of SIX Fintech Ventures. “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.”
“In terms of feature-density, user experience, and quality of integrations, RaiseNow is the best-in-class technology provider in the growing fundraising space”, said Patrick Graf, Head of Corporates at PostFinance AG. “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 .”