A company that helps others fundraise has now raised a pretty penny themselves for their own business needs. Auctionpay, the innovative fundraising sofware that has been offering solutions for nonprofit organizations . Since 2002, the company has formed partnerships with over 4,000 schools and organizations in the United States. Through its sortware, $400 M has been distributed in donations to various non-profits and schools.
The $5.5 M was given by two US companies, Maveron LLC in Seattle, and Appian Ventures in Denver. The money raised is meant to further the expansion and development of the software to reach a larger global community in the non-profit world.
Auctionpay’s software involves event management solutions where organizations can process donations quickly and efficiently, being able to handle auctions online and auction item procurement services.