FundMiner develops products to help fundraising organizations manage and track donor funding. The company announced it has raised an additional $2.5M to support its growth. FundMiner plans to use the capital to expand into new markets and to boost research and development efforts. The LinkedIn announcement framed the raise as part of the company's effort to transform how fundraising organizations manage donor funding. The post included a link for more information and used the hashtags #FundManagement and #Fundraising. The announcement also featured congratulations to Chelsea Lamego and Alejandro Stevenson-Duran. FundMiner provides an AI-powered software platform that aggregates data from previously siloed systems and applies intelligent analytics to help large fundraising organizations automate and simplify philanthropic fund management. The platform makes fund data accessible, tracks fund usage and compliance, offers an impact-reporting portal, and increases automation and operational efficiency. It aims to improve capital utilization, boost fundraising revenue and enhance donor satisfaction while reducing risks related to negative publicity and legal exposure. FundMiner’s product is complementary to existing systems such as Blackbaud’s Raiser’s Edge, Oracle’s Peoplesoft and Salesforce. The company serves higher education, K-12, community foundations, academic medical centers, arts and cultural organizations, religious organizations and other nonprofits. In June 2023 FundMiner raised $1.725M and said it will use the proceeds to accelerate growth and expand its reach in the advancement technology space.

Total raised

$4M

Funding rounds

2

Latest round

Equity

Latest activity

Jul 2024