Richmond, Va.-based Humanitru, which runs a tech platform for nonprofits, has closed a $3 million funding round led by Atlanta, Ga.-based Dogwood Ventures, with participation from Meeting Street Capital, New York’s the 98 and I2BF, Raleigh, N.C.-based Front Porch Venture Partners, and Team Ignite Ventures.
The company said the funding would accelerate product development and team expansion, and “extend its impact to additional mission-driven organizations.”
“Nonprofits rely on us to help them centralize data, deepen supporter relationships, and drive greater impact,” said Alan Wei, Humanitru CEO and co-founder. “With this funding, we’re not only strengthening our platform but also scaling our operations to ensure more organizations can leverage the power of data to advance their missions.”
Wei and Megan Cox Newman, a former Signature Healthcare executive, co-founded Humanitru in 2016. Last year, Humanitru was named one of the top 25 fastest-growing companies in the Southeast region.
Humanitru’s team delivers world-class technology to mission-driven organizations, said Aaron Hurst, founding partner of Dogwood Ventures.
Commercial Real Estate
MacKenzie Companies
Advertising / Media / Communications / Public Relations
Nevins & Associates
Financial Services / Investment Firms
Chesapeake Corporate Advisors
Commercial Real Estate
Monday Properties
Venture Capital
Blue Delta Capital Partners
Internet / Technology
Foxtrot Media
“Humanitru’s unique data driven approach provides nonprofit leaders with advanced tools to strengthen donor engagement,” said Hurst, whose venture firm focuses on founder-driven startups. He previously established Endeavor Atlanta, the southeast affiliate of the global Endeavor entrepreneur network.
Humanitru plans to use the investment to:
- Enhance AI-driven engagement tools to help nonprofits personalize donor outreach and retention strategies;
- Expand platform capabilities with new features and integrations that streamline nonprofit fundraising, stewardship, and operations;
- Expand the Humanitru team with top talent across technology, customer success, and partnerships to enhance service and support;
- Scaling outreach and impact to bring these tools to more nonprofits; and
- Help organizations navigate an uncertain funding landscape
Humanitru said its continued investment in AI-driven engagement and fundraising tools helps organizations “make smarter use of the donor data already in their system to drive more strategic and effective fundraising.” By identifying high-potential donors, personalizing outreach, and optimizing retention efforts, nonprofits can maximize giving opportunities within their existing supporter base, it said.
