Bloomerang Secures Strategic Investment from Leading Private Equity Firm Warburg Pincus to Accelerate Delivery of First Giving Platform
INDIANAPOLIS, Feb. 8, 2024 /PRNewswire/ -- Bloomerang, the industry's leading donor, volunteer, and fundraising management software platform for thousands of small and medium-sized nonprofits, today announced that it received an investment from Warburg Pincus, a leading global growth investor. The funding – combined with JMI Equity's investment in 2020 and the company's recent acquisition of Qgiv – will drive ongoing growth and success to help Bloomerang deliver the sector's first fully-integrated giving platform.
- This strategic investment from Warburg Pincus is focused on continuing company growth, innovations in the nonprofit sector, and ultimately helping nonprofits deliver their mission.
- "Warburg Pincus is known for making investments in market leaders," says Dennis Fois, Bloomerang's chief executive officer.
- Our goal is to deliver a single giving platform that gives nonprofits the ability to increase donors, donations, volunteers, and support.
- Since an initial investment from JMI Equity in 2020, Bloomerang has more than tripled the business in revenue, employees, and nonprofits served.