Classy Helped Nonprofits Raise $1B -- Read About The 'Secret Sauce' [Forbes]
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Source: Forbes
The nonprofit fundraising platform Classy recently announced it had reached $1 billion in funding raised for its clients and their causes. Scot Chisholm, co-founder and CEO, visited with me to share some of his insights about reaching this “BHAG, big, hairy, audacious goal” set when the company was founded. You can watch the full interview with Chisholm in the player at the top of this article. Chisholm noted that it took six years to reach $500 million in funds raised but only 14 months to double that mark. “So, the growth is still happening which is really exciting.” He was prompted to launch Classy after organizing a pub crawl to raise money to fight breast cancer in honor of his mother—a two-time survivor. The nonprofit he chose refused to accept the money! He knew then there had to be a better way. Scot Chisholm Credit: Classy For its own operating requirements, Classy has raised $53 million from investors including JMI Equity, Mithr
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