OneCause Accelerates Growth with $4 Million Venture Investment
September 12, 2018 — INDIANAPOLIS – OneCause, a leader in mobile fundraising, today announced it has closed $4 million of new growth financing. The new investment will be deployed to aggressively accelerate development of its fully integrated fundraising platform including online giving, event management, mobile bidding, and peer-to-peer social fundraising. The organization will also continue its rapid expansion of sales and marketing efforts as they incorporate this April’s acquisition of Great Feats.
“There has been explosive growth in the nonprofit software industry and an increasing demand for year-round fundraising solutions that help nonprofits expand their reach beyond the ballroom,” said Kirk Wolfe, general partner with MK Capital. “We’re excited to continue supporting OneCause as they evolve mobile giving to meet the needs of future donors and fundraisers.”
The round was led by Chicago-based MK Capital with participation from Allos Ventures, and new investor, WinTrust Ventures. MK Capital and Allos Ventures previously led OneCause’s 2016 financing.
“OneCause has proven itself to be the industry leader in fundraising technology, and we’re excited for the opportunity to help accelerate the growth of their platform,” said Bailey Moore, managing director for Wintrust Ventures. Since 2008, OneCause has helped thousands of nonprofits raise $1.5 billion for their causes with their easy-to-use, suite of fundraising solutions. The organization has grown from a single-point solution centered around event fundraising to a year-round, integrated fundraising platform. Earlier this year, OneCause announced the brand evolution from the original BidPal name and expanded its portfolio with the acquisition of peer-to-peer fundraising platform, Great Feats.
“2018 has been a record growth year for OneCause in all areas that we measure. Software subscriptions have increased nearly 40% over last year as more nonprofits take advantage of our year-round fundraising solutions,” said Steve Johns, chief executive officer of OneCause. “This investment will allow us to continue the momentum we have created by offering the very best value in SaaS, mobile and integrated payment systems for year-round nonprofit fundraising.”
OneCause creates user-friendly fundraising software that helps nonprofits engage donors, raise more money and save valuable time and resources. Our full suite of cloud-based fundraising solutions has powered 5,000 organizations, well over 15,000 fundraising events, and helped nonprofits raise more than $1.5 billion. Located in the marketing technology hub of Indianapolis, OneCause has been recognized on the Inc. 500 list of Fastest Growing Companies, received a Techpoint MIRA award for Mobile Technology Excellence & Innovation, and was awarded a Silver Stevie® Award in the Customer Service Department of the Year – Computer Software category.