[September 26, 2016] |
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MemberSuite Raises $11 Million to Provide Cloud-Based Solutions for Modern Associations and Nonprofits
Atlanta-based MemberSuite,
the leading provider of cloud-based management solutions for
associations and nonprofits, today announced it has raised $11 million
led by Revolution
Ventures.
MemberSuite provides an innovative SaaS (News - Alert) platform and analytics offering
to enable associations and nonprofits to accomplish every activity they
need to serve their constituents and help them operate more efficiently.
"MemberSuite is bringing associations into the future by offering them
the kinds of cloud software solutions that have revolutionized
business," said Steve Case, Chairman and CEO at Revolution (News - Alert). "We were
delighted to meet Andrew and his team following last year's Rise Of The
Rest visit to Atlanta. MemberSuite is yet another example that startup
ecosystems in American cities outside of Silicon Valley are rising."
Software solutions targeted at associations and nonprofits are often
limited in scope and based on legacy, on-premise technology. Founded in
2010 by MIT (News - Alert) graduate Andrew A. Ryan, MemberSuite's platform supports the
various association and nonprofit organization activities, including
member management, billing, coference management, certification and
higher education management, and fundraising.
Since launch, MemberSuite has raised $19.6 million and is on the path to
doubling its revenue from last year. MemberSuite plans to use the latest
funding to add over 50 team members, with a focus on hiring in sales,
marketing, and engineering in the Atlanta region.
"Modern associations and nonprofits must turn to advances in cloud
computing, including business intelligence and analytics, mobile and
social computing," said Ryan. "However, there's a lack of technology
partners that can enable them to do this. This leaves thousands of
organizations making do with legacy solutions, unable to use technology
to better service their members and achieve their missions. MemberSuite
is focused on changing this reality for nonprofits and associations
across the world."
Additional Series B investors included Fidelis Partners, Angel
Investment Management, Accomplice Partners, and Alerion Ventures.
For more information about MemberSuite, visit http://www.membersuite.com/.
About MemberSuite
MemberSuite is the premier software and services provider of association
management software (AMS (News - Alert)) solutions for associations and nonprofit
organizations of all sizes. MemberSuite harnesses the power of the cloud
to deliver enterprise systems that enables modern organizations to
accomplish every activity they need to serve their constituents. With
dozens of modules, a fully-customizable platform and a dedicated
professional services team, MemberSuite is changing the way modern
associations do business. For more information, visit www.MemberSuite.com.
About Revolution Ventures
Revolution Ventures, led by Steve Case, Tige Savage (News - Alert) and David Golden,
invests in start-ups and early-stage companies founded and led by
passionate entrepreneurs. Revolution Ventures is focused on investing in
technology-enabled businesses that empower consumers and businesses and
disrupt existing, multi-billion dollar industries. Revolution Ventures
is headquartered in Washington, D.C. www.revolution.com/ventures
View source version on businesswire.com: http://www.businesswire.com/news/home/20160926005836/en/
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