RaiseNow Closes 5.4 Million CHF in Funding Round Led by SIX Fintech Venturesby Fintechnews Switzerland October 22, 2020
RaiseNow, a Swiss-based provider of online fundraising solutions, announced a Series A+ investment of 5.4 million CHF.
The funding round was led by SIX Fintech Ventures, with existing investor PostFinance and individual investors participating in the round.
SIX Fintech Ventures, the corporate venture capital arm of SIX, and PostFinance, the financial services unit of Swiss Post, both invest in innovative high-potential startups in the fintech sector. Another prominent investor featured in the round was Ivo Francioni, a private investor and fintech veteran, who will also join RaiseNow’s Board of Directors.
“As an industry, we are just scratching the surface of how powerful fundraising technology can be when it’s combined with donor data, diversified channels, integrated and automated processes and massive opportunities offered by dynamic shifts in the industry”,
said Marco Zaugg, Founder and CEO of RaiseNow.
“Having the strong commitment and domain expertise of our existing and new investors will help us execute our vision even more rapidly and broadly.”
The financing round followed a strategic merger earlier this year between RaiseNow and Altruja, a fundraising technology company specialised in the growth of digital fundraising in Germany and Austria.
With PostFinance increasing their stake in the team after being a current investor for more than three years, the latest funding will be used for further investment in RaiseNow’s technology capacity.
Headquartered in Zurich with active offices in Berlin and Munich, RaiseNow builds fundraising technology to help non-profit organisations find supporters, rally communities, raise funds, and create impact.