Certified B Corp, Classy, Raises $118M in Series D Funding to Help Nonprofits Increase Their Impact
Led by Norwest Venture Partners, the funding will accelerate growth by doubling the size of Classy s product and engineering teams over the next two years
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SAN DIEGO, April 20, 2021 /PRNewswire/
Classy, a B Corp Certified social enterprise that creates world-class fundraising software for nonprofits, announced today that it has closed a $118 million Series D funding round led by Norwest Venture Partners, a mission-driven venture capital firm, which has previously partnered with other powerhouse technology companies like Udemy, Talkspace, Plaid, Gong and OpenDoor. Existing backers, Salesforce Ventures and Hinge Capital, also participated in the round.
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[Weekly funding roundup] 6 unicorns and $2.5B investments in one week creates new record
The second week of April 2021 was unprecedented for the Indian startup ecosystem not only for the quantum of venture funding, but also the speed at which new unicorns emerged.
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The Indian startup ecosystem broke all records after
six startups turned unicorns and $2.5 billion of venture funding was raised in just one week. This unprecedented week set the stage for the remaining nine months of this year to create new benchmarks.
To put it in context, the funding worth $2.5 billion for the second week of April actually accounts for