Private equity firm Summit Partners has made an undisclosed investment in RuffaloCody, which provides fundraising services.
RuffaloCody, headquartered in Cedar Rapids, Iowa, provides technology-enabled fundraising and enrollment management services for higher education and nonprofit organizations.
Boston-based Summit has raised about $15 billion in capital since it was founded in 1984. Other investments include Answers, Belkin International Inc. and TeleSign Holdings Inc.
Lazard Middle Market advised RuffaloCody on the deal.