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Infinite Giving is proud to announce we raised $2 million in a Seed Round of investment led by Cubit Capital, Morgan Stanley, and Atlanta Ventures. At Infinite Giving, we are driven by a singular focus to create value through financial stewardship for an underserved nonprofit industry. We believe the more financially sustainable nonprofits there are, the better our communities and the world will be. So we work to amplify their good work by protecting their most precious resources: time and money.
Our team has deep nonprofit expertise having served as Executive Directors, Board Members, and Development leaders. This allows us to have unique first hand experience of the many pain points nonprofits experience in traditional banking and asset management. This inherent understanding of the financial needs of nonprofit organizations coupled with the knowledge of operating technology and financial management companies has Infinite Giving well-positioned for its growth.
We are proud to have a 99% customer retention rate with clients including Habitat for Humanity, Make a Wish, and World Relief leveraging our innovative fintech platform. Nonprofits including educational, religious, and philanthropic charities have chosen us to manage their cash reserves, grants, and capital campaigns, create and manage endowments, and easily receive stock, crypto, and DAF donations.
As our investor, Gui Hadlich of Cubit Capital said, “We are excited to be part of this journey to help transform financing capabilities for the nonprofit industry. We invest in companies promoting human flourishing, and we believe Infinite Giving will equip nonprofits to serve their communities even better. Their traction over the last year is exactly what we look for when investing in companies."
Infinite Giving’s growth also comes with a new board member addition of Jay Love, Founder of Bloomerang and a nonprofit veteran with 30-plus years of industry experience.“The growth that Infinite Giving has seen demonstrates the problem they’re solving for nonprofit leaders who need innovative solutions to maximize their organization’s financial resource management,” Jay explained. “I’m honored to officially join Infinite Giving’s mission and help with our strategic market expansion in the philanthropic world.”
Along with investment from venture capital firms, Infinite Giving received funding from Morgan Stanley and was selected for its highly prestigious Inclusive Ventures Lab, which provides tech and tech-enabled companies access to capital, resources and connections to further develop and scale.
“I am excited to collaborate with Infinite Giving at this important time in the company’s growth,” said Toan Huynh, Managing Partner with Alinea Ventures. “Karen and Connor are exceptional founders helping an industry in need of greater financial access and transformation.”
Rounding out this exciting time, we ere selected from more than 630 startup applications (at only a 13% acceptance rate!) to present at Venture Atlanta 2024. Taking place on Oct. 8-9, Venture Atlanta is the Southeast’s top tech conference dedicated to bringing innovative companies, disruptive technologies, and top-tier investors together. Infinite Giving is the only company presenting with technology that was specifically designed for a nonprofit product-market fit.
“It’s inspiring to see Infinite Giving empower nonprofits with the tools they need to better manage their financial resources,” said David Cummings, CEO and Founder of Atlanta Ventures. “I believe in the company’s mission and am eager to see the incredible impact they’ll make with this next phase of growth.”
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