Classy Captures $18M For Nonprofit Software

San Diego-based Classy, which develops cloud-based software used by nonprofits for fundraising, disclosed that it has raised $18M in a new funding round. The funding came from Mithril Capital Management and Salesforce Ventures. Classy was founded in 2006 as StayClassy, and also counts Bullpen Capital and Venture51 as backers. Classy allows nonprofits to create fundraising campaigns for specific projects or year-round initiatives, with features such as leaderboards, user-generated media, team fundraising pages, mobile support, and more. The company is led by Scott Chisolm. More information »