Classy, a giving platform that seeks to enable nonprofits to connect supporters with the causes, has acquired, Fondi, a virtual and hybrid events business. The company will relaunch as Classy Live, a solution that will offer nonprofit customers best-in-class technology for their virtual and hybrid fundraising events. The comes less than six months after Classy’s $118 million series D funding round, where the company promised to invest in customer-forward product development.
“Over the past year and a half, we have witnessed nonprofits work tirelessly to pivot their events, which are often critical revenue sources for their cause,” said Chris Himes, Classy’s CEO. “As virtual and hybrid events continue to play a crucial role in fundraising, the launch of Classy Live means we can better serve our customers, helping them steward and retain donors from their first fundraising dollar through the end of the event experience.”
“I could not be more excited for all the possibilities that come with joining the Classy team and launching Classy Live,” said Josh Parolin, VP of Engineering at Classy. “Having built my career in both the nonprofit and SaaS world, coming to Classy feels like a culmination of all the work I’ve done over the years. I know the impact Classy Live will have for our nonprofit customers, especially as hybrid events become even more of the norm moving forward.”
“After exploring multiple platforms and vetting Fondi’s technology against other potential matches, it was clear that the end-to-end offering, including how Fondi would fit with our current offering, made them the best choice,” said Scot Chisholm, Classy’s co-founder and Chairman of the Board. “At Classy, we offer the social sector the best technology out there to increase their funding and serve their missions, and with Classy Live, we know we’ll be able to serve our nonprofit customers more effectively and successfully for years to come.”