Beringer Capital, a North American private equity firm focused on the media, marketing services and technology sectors, has made a significant investment in VeraData LLC, a decision science and fundraising company for not-for-profit organizations in the U.S.
VeraData offers donor analytics and a predictive modeling engine. The partnership with Beringer aims to fuel investments in talent, capabilities and technology to improve VeraData’s offerings across fundraising and analytics services. With this deal, VeraData looks to have more resources backed by data science to deliver fundraising growth for more clients.
“With the speed of digital transformation, there is significant demand for donor analytics and fundraising acceleration tools in the NFP industry,” says Gil Ozir, managing partner of Beringer Capital. “VeraData is poised for rapid growth, and we are delighted to work with the team at VeraData on their next chapter.”
BrightTower served as financial advisor to VeraData in this transaction.