Participated · Equity · May 2018

Gravyty offers a suite of SaaS-based, AI-powered fundraiser enablement solutions that help frontline fundraisers personalize outreach, build new prospect relationships, and deepen donor relationships more efficiently. Led by CEO Adam Martel and based in Boston, MA, the company serves thousands of frontline fundraisers at leading nonprofits, colleges and universities, hospitals, and healthcare organizations. Its platform emphasizes personalization and efficiency to accelerate donor engagement and relationship-building. Gravyty intends to use new funding to continue expanding its footprint across the social good sector, including higher education, nonprofit, and healthcare verticals. The company announced $21M in funding to support that growth. Gravyty Technologies builds AI-enabled fundraising software to automate processes for frontline fundraisers and help nonprofit organizations raise more revenue. Its flagship product, First Draft, generates draft emails for major and mid-level prospective donors that fundraisers can edit and personalize, and it learns from those edits to refine writing style. The company leverages artificial intelligence and machine learning across its product suite to build lasting donor relationships. Gravyty completed a $2M second round of funding to support growth. The company plans to use the proceeds to expand customer success and marketing teams, accelerate development of its AI products, and improve its core technology. Founded in 2016 at Babson College by Adam Martel (CEO) and Rich Palmer (CTO), Gravyty is based in Boston, MA.

Participated · Series D · Jun 2012

Cartera Commerce provides a comprehensive card-linked offer platform that powers personalized in-store and online shopping programs to build consumer engagement, maximize card spend and create new revenue streams. The company is led by president and CEO Tom Beecher and is based in Lexington, MA and Atlanta, GA. It raised $12.2M in growth capital in a round announced May 6, 2012. The financing was led by Comvest Group with participation from previous investors Flybridge Capital Partners, Dace Ventures, LBO Enterprises and Venture Capital Fund of New England. Cartera intends to use the funding to increase investment in sales, product development and operations. No revenue or user metrics were disclosed in the article.