MobileCause, a fundraising and crowdfunding software platform based in Calabasas, announced the company has closed a $15 million Series B.
The company said it plans to use the funds to expand the company’s efforts in sales, customer success and marketing, as well as develop its international and domestic expansion strategies.
Founded in 2005, the company's cloud-based software platform has attracted thousands of nonprofits in the US, and currently boasts 44 members of the top 200 US nonprofit organizations as clients. To date, they have raised just over $22.1 million.
“The rapid growth of our business has created a need to scale our team and expand our product offering,” CEO Sean MacNeill said in a statement. “This funding will allow us to accelerate development of new products and put systems and people in place to maintain the level of quality MobileCause customers have come to expect from us. We selected Level Equity from among multiple top firms because we greatly value their collaborative approach to working with the management teams of high growth technology companies. We have set ambitious goals for our business over the next few years and believe having them as an investment partner with deep expertise in vertical market software will meaningfully enhance the velocity of our business.”
Level Equity, an NYC-based growth equity firm focused on tech companies led the round of funding. Its founder and partner, Sarah Sommer, will join MobileCause's board of directors.
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