This investment comes on the heels of Bloomerang’s recent acquisition of Qgiv, a provider of fundraising technology solutions, as well as the earlier acquisition of InitLive, a leading provider of volunteer management software. The company now serves 23,000 nonprofit customers, processes $1bn in donations for nonprofits and has plans to continue to hire staff and add new resources to help nonprofits succeed.
As part of the deal, Andrew Park, Sam Lipsick, and Peter Kimmey from Warburg Pincus join JMI, which invested in 2020, on the Bloomerang board.
Source: Privat Equity Wire