The internationally active Zurich-based start-up RaiseNow has closed a Series A+ financing round having secured a substantial capital injection. According to a press release, a total of 5.4 million Swiss francs has been raised from investors such as SIX FinTech Ventures and thanks to the participation of the existing investor PostFinance in addition to other individual investors. SIX FinTech Ventures is a corporate venture capital fund affiliated with the SIX Group with a volume of 50 million Swiss francs. It invests in global start-ups during the early development phase. According to the press release, this fresh capital injection will be used to finance an expansion of the RaiseNow product suite.
Starting out with just three employees in 2015, the RaiseNow team has now grown to a total of 50 staff, the press release states. According to information available on the company’s website, the team currently serves organizations across 16 different countries. Transactions are conducted in 15 currencies. Up to mid-2019, a total of 150 million euros in donations had been processed by the RaiseNow team.
With its range of online forms to collect donations used by aid organizations and designed for specific target groups, RaiseNow is promoting the digitization of donation collection processes. According to the press release, products have been created and further developed that provide non-profit organizations of all sizes with access to the best possible technology. Over the last six months, RaiseNow has entered into new partnerships with TWINT, Salesforce, ClubDesk and Webling, among other organizations.