Classy Purchases Fondi themiddlemarket.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themiddlemarket.com Daily Mail and Mail on Sunday newspapers.
Scot Chisholm, Executive Chairman and Founder, talks to Barbara and Neil about how a pub crawl fundraiser in San Diego turned into
Classy.org. Recently raising a record setting $118 million dollars, they are making changes for a sustainable, impactful future for nonprofit organizations.
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Classy
Classy offers an online and mobile platform that enables socially good organizations to raise funds for various causes. Founded by Joe Callahan, Marshall Peden, Pat Walsh, and Scot Chisholm in 2006, Classy is backed by investors that include Salesforce Ventures, Norwest Venture Partners, Bullpen Capital, JMI Equity, and Mithril Capital Management and is headquartered in San Diego.
FOUNDED:2006
FOUNDERS:Joe Callahan, Marshall Peden, Pat Walsh, Scot Chisholm
Fundraising Platform Classy Snares $118M In Venture Funds thenonprofittimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenonprofittimes.com Daily Mail and Mail on Sunday newspapers.
Print
Classy, a San Diego software firm that helps nonprofits raise money online, said Tuesday that it pulled in $118 million in a fourth round of venture capital funding yet another sign of recent money-raising momentum for local startups.
Co-founded by Scot Chisholm as a “passion project” to raise money for cancer research after his mom was diagnosed with the disease, Classy morphed into a technology platform that creates digital pathways for more than 6,000 nonprofits to connect with a younger generation of tech-savvy donors.
“We just crossed $3 billion raised on the platform since we were founded in 2011 as a technology company,” said Chisholm. “We’re currently pacing at over $1 billion a year in terms of fundraising” for nonprofits.