Fundraise Up Receives $70M Growth Capital Investment

Fundraise Up, a NYC-based provider of a fundraising platform for nonprofits globally, received a $70M growth investment.

The round was led by Summit Partners with participation from existing investor Telescope Partners.

The company intends to use the funds to consolidate its position in the nonprofit technology sector and to expand product offerings, accelerate global market reach, and provide new AI-powered solutions.

Co-founded in 2017 by Peter Byrnes, Yuriy Smirnov, and Anton Isaykin, Fundraise Up helps nonprofits of any size engage more supporters and grow revenue by providing ways to increase conversion, add payment methods, and personalize the giving experience for every donor. The company has achieved significant adoption across the nonprofit sector, including organizations such as UNICEF USA, The Salvation Army UK, the Canadian Red Cross and the American Heart Association.