The Not-for-profit Investments Research Department. Tracking M&A and investments in the nonprofit & association technology market since 2016.
In November 2017, MemberSuite accepted a $5.5M round of funding. Check out the SEC filing.
To the best of my knowledge, MemberSuite is the only venture capital-backed AMS in the market, and has raised $13M in funding since September 2016. They appointed a new CEO in November 2017. This round of funding may have been used to acquire the shares owned by the founder and former CEO, transferring ownership of the company to new shareholders.
In December 2017, Gravitate accepted an investment for Nucleus, its data analytics product for associations. The investor and amount of the investment were not disclosed. Read the press release.
In December 2017, Community Brands announced the “addition of 501 Auctions and Gesture to the company, and an agreement in principle to acquire GiveSmart.”
Based on accounts from several reliable sources, it’s rumored that multiple acquisitions will be announced this week during ASAE’s Technology Conference.