Bloomerang Receives Strategic Advancement Investment from JMI Equity
INDIANAPOLIS–(BUSINESS WIRE)–Bloomerang, the modern donor management software package company to thousands of nonprofits, currently introduced that it has gained an expenditure from JMI Equity (“JMI”), a advancement fairness firm concentrated on investing in foremost software program organizations.
The funding will allow Bloomerang to further more aid its nonprofit purchasers deepen and progress the degree of engagement with their donor associations.
“We started off Bloomerang with a eyesight to enhance nonprofit performance through sensible, intuitive technologies and entire world-course shopper company and assist,” explained Ross Hendrickson, CEO of Bloomerang. “This partnership with JMI enables us to keep our autonomy as a enterprise, while supplying us access to resources that will assist us keep on to expand and even further our mission of supporting nonprofits do excellent.”
This expenditure arrives on the heels of Bloomerang remaining named a Finest Spot to Perform in Indiana for the fifth consecutive 12 months, as nicely as approximately doubling its campus before this calendar year via the acquire and renovation of a historic developing adjacent to its recent headquarters.
“Bloomerang is an rising chief in the donor administration space. The company’s highly effective but quick to use applications are highly successful in helping prospects extra competently achieve their mission by bettering donor retention, expanding donor engagement and expanding donor lifetime value,” reported Larry Contrella, Principal at JMI Fairness. “We’re energized to spouse with Bloomerang to develop the means in which it serves the nonprofit community.”
JMI’s Mr. Contrella, David Greenberg, Common Associate, and Vinny Prajka, Husband or wife, will be part of Bloomerang founder Jay Love and existing Bloomerang CEO Ross Hendrickson on Bloomerang’s Board of Directors.
Canaccord Genuity acted as money advisor to Bloomerang.
About Bloomerang
Indianapolis-primarily based Bloomerang is a cloud-based mostly donor administration application tool built to help nonprofits reach, interact and retain the advocates they count on to obtain their eyesight for a improved planet. For more facts about Bloomerang, visit: https://bloomerang.co.
About JMI Fairness
JMI Equity is a development fairness company centered on investing in leading computer software businesses. Launched in 1992, JMI has invested in over 150 organizations in its focus on marketplaces, effectively done around 100 exits, and raised a lot more than $4 billion of fully commited money. JMI associates with excellent management groups to assist build their companies into field leaders. For a lot more information, go to www.jmi.com.
