What is Classy?
Founded in 2006 and headquartered in San Diego, CA, Classy operates as a social enterprise dedicated to providing online fundraising software solutions for nonprofit organizations. The company's platform aims to revolutionize how individuals and organizations engage in charitable giving, thereby accelerating social impact. Classy's innovative approach to fundraising technology positions it as a key player in the nonprofit technology landscape, enabling organizations to better connect with donors and achieve their philanthropic goals.
How much funding has Classy raised?
Classy has raised a total of $233.2M across 6 funding rounds:
Angel/Seed
$65.5M
Series C
$30M
Unspecified
$17.5M
Debt
$2M
Other Financing Round
$118M
Debt
$150K
Angel/Seed (2010): $65.5M, investors not publicly disclosed
Series C (2016): $30M led by Bullpen Capital, Mithril Capital Management, Salesforce Ventures, JMI Equity, and Galileo Partners
Unspecified (2019): $17.5M supported by Undisclosed
Debt (2020): $2M featuring PPP
Other Financing Round (2021): $118M backed by Hinge Capital and Norwest Venture Partners
Debt (2025): $150K with participation from Celtic Bank
Key Investors in Classy
Hinge Capital
Hinge Capital is a venture capital firm that supports innovative founders tackling complex technological challenges, investing in over 90 startups since 2010 and offering operational support from experienced professionals.
Norwest Venture Partners
Norwest Venture Partners is a global, multi-stage venture capital and growth equity investment firm, founded in 1961 with offices in Palo Alto, California, India, and Israel.
Bullpen Capital
Bullpen Capital is a venture capital fund specializing in post-seed capital for early-stage companies that have identified a product-market fit but are often overlooked, aiming to foster their growth.
What's next for Classy?
The recent major strategic investment in Classy signals a strong confidence from its backers in the company's trajectory and its capacity to scale its operations. This influx of capital, following substantial prior funding rounds, is likely to be directed towards enhancing its software platform, expanding its market reach, and potentially exploring new avenues for social impact. Classy's focus on modernizing the giving experience suggests a strategic emphasis on user engagement and donor retention, which will be critical for sustained growth and achieving its long-term mission.
See full Classy company page
