Capstone Partners advised Network for Good, a provider of donor management software for small nonprofits, on a strategic growth investment from Boathouse Capital with participation from a current investor, Camden Partners. Network for Good will use its Series B funding to expand product features and accelerate programs to help more small nonprofits to do more good by taking advantage of modern, easy-to-use software.
Network for Good provides small nonprofits and partners with an innovative, all-in-one fundraising platform and support services needed to execute modern, results-oriented fundraising campaigns. According to the 2018 Giving USA report, Americans gave $410 billion to some of the 1.5 million U.S.-based nonprofits last year, most of whom rely on a patchwork of outdated methods and software solutions to attract, solicit, accept, and track these donations.
We chose Capstone because they know our industry and they are top ranked for middle market M&A. Both of those proved to be key to our collective success, but what ended up really differentiating them was their dedication and availability from the top of their team to the bottom, their clear, comfortable communication style, and their deal structuring experience.
Led by social entrepreneur and CEO Bill Strathmann, Network for Good is a Certified B Corporation™, a certification awarded to companies that use the power of business to solve social problems while continuing to meet higher standards of performance, transparency, and accountability. “Network for Good was created to democratize charitable giving – enabling anyone, anywhere to give to charity,” said Strathmann. “Now, our award-winning donor management technology and expert fundraising knowledgebase allows charities to raise more money and do more good faster.”
Teak Murphy, Director at Capstone Partners, commented “It was a joy working with Bill and the team at Network for Good, they are an incredible organization executing on an important mission and Capstone Partners is proud to help contribute to the good work they are performing. Network for Good was a great fit for Capstone as nonprofit software is a focus area for our TMT group and a segment that is growing rapidly and experiencing a lot of consolidation. Working with Network for Good has inspired Capstone’s TMT team to donate a portion of our fee to supporting nonprofits by participating in Network for Good’s ‘Jumpstart’ program, granting Network for Good subscriptions and coaching to several nonprofits in need of funding.”