The Venture Codex

Led · Series A · Feb 2016

Aplos offers a cloud-based accounting product specifically designed for small nonprofits, including fund accounting, donor management, donation processing and Form 990 preparation. The company also provides management software for accountants or administrators to oversee the finances of multiple nonprofits or churches. Aplos passed 20,000 organizations using the software in 2015 and serves customers including Kiwanis International and Assemblies of God. The company intends to use the new funds to accelerate and expand its product development efforts. Financially, Aplos raised a $4M Series A in 2016 from San Joaquin Capital and previously raised $3.4M from an angel investor, bringing total funding to $7.4M. Aplos Software builds web-based SaaS tools for nonprofits, including fund accounting, donor management, e-file, and oversight products. Its Aplos suite includes Aplos Accounting, Aplos Donor Management, Aplos e-File, and Aplos Oversight. Since releasing its web-based software in 2011, the company has served over 10,000 organizations. The company raised $2.0 million in new financing from private investors, bringing total funding to $3.4 million. The financing will be used to expand the nonprofit software suite, accelerate the development schedule for new features, and open the platform to API integration. Aplos also plans to expand support and marketing teams to address opportunities with church denominations, larger nonprofits, and accountants. Aplos was founded in 2009 and is based in Fresno, California.