GiveCampus, a leading fundraising platform for nonprofit educational institutions, announced today that it has closed a $50 million minority growth equity investment led by Silversmith Capital Partners, a Boston-based growth equity firm. Several individual investors also participated in the financing including Y Combinator’s Michael Seibel, Stripe’s Claire Hughes Johnson and founding HubSpot team member, Mike Volpe. As part of the investment, Silversmith has committed significant additional capital to provide GiveCampus employees with liquidity through a tender offer. The financing marks the first time the bootstrapped company has raised capital since raising less than $1 million from family, friends, angel investors, and Y Combinator in 2015. The capital will be used to accelerate product development and hiring across the organization.
GiveCampus was founded in 2014 by Kestrel Linder and Mike Kong to advance the quality, affordability, and accessibility of education by providing non-profit educational institutions with a modern platform to reach, engage and mobilize their communities. The GiveCampus platform supports educational fundraisers’ most mission-critical priorities, from providing donors with a frictionless online giving experience, to identifying and engaging alumni with significant giving capacity, to scaling the impact of volunteer programs. Since its launch in 2015, the platform has facilitated more than $2 billion in charitable giving to more than 1,000 colleges, universities, and K12 schools.