RaiseNow secured CHF 5.4M from SIX Fintech Ventures and existing investor PostFinance.

Switzerland Investments 22 October 2020
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RaiseNow, a Zurich, Switzerland-based developer of fundraising technologyfor non-profit organizations, announced that it raised a CHF 5.4M ($6M) capital investment round.

The money was raised from SIX Fintech Ventures, the corporate venture of SIX, and PostFinance, the financial services division of Swiss Post.

The deal was also joined by the private investor Ivo Francioni, who will also be a member of the RaiseNow supervisory board.

RaiseNow, founded in 2015 by CEO Marco Zaugg, develops a SAAS helping fundraisers to grow their online and mobile fundraising. It provides solutions for all digital touchpoints – from SMS donations and mobile phone apps right up to peer-to-peer event fundraising and donation forms. It integrates email and social media channels and make everything tightly work with the existing fundraising and donor database.

RaiseNow’s customers include over 170 of the world’s top non-profit organizations and social enterprises including Medecins sans Frontières, Save the Children, Red Cross, and Amnesty International.

The funding round follows the merger between RaiseNow and Altruja, a fundraising technology company specializing in the growth of digital fundraising in Germany and Austria.