Silversmith Capital Partners, a Boston-based growth equity firm, has invested in GiveCampus, a fundraising service for non-profit educational institutions.
GiveCampus aims to advance the quality, affordability and accessibility of education by providing non-profit educational institutions with a way to reach, engage and mobilize their communities through fundraising. With the investment, Silversmith has committed additional capital to provide GiveCampus employees with liquidity. The company looks to use the capital to grow through product development and hiring within the organization.
“Fundraising is a critical component of school budgets,” comments Jim Quagliaroli, Silversmith managing partner. “Without effective fundraising, schools face a choice between cutting budgets or increasing tuition and fees, both of which harm students and especially students from less advantaged backgrounds. GiveCampus is a game changer, helping schools of every shape and size advance their missions through significantly improved fundraising outcomes. “It is rare to find software companies that deliver so much real, measurable value to users and society as a whole. We are excited to work with Kestrel, Mike and the entire GiveCampus team as they continue to play a vital role in ensuring that a high-quality education is accessible and affordable for everyone.”
Kirkland & Ellis served as legal counsel to Silversmith Capital Partners and Wilmer Hale served as legal counsel to GiveCampus.