Kimbia raises $4 Million in Series B of Funding

The Texas based fundraising and event registration platform, Kimbia, Inc., recently announced the successful end of the series B of funding which brought the firm capital in the amount of $4 million. The funding round has been led by S3 Ventures. The money raised in venture capital is intended to be used in order to expand the industry adoption of its Web-based fundraising and event management software.

Kimbia provides an innovative platform which is designed in order to suit the needs of the next generation of online fundraisers, event organizers and social advocates. The innovation brought by the company in the fundraising field is that it provides donation and registration forms which are entirely customizable by the means of a Web-based control panel and which are deployable at a global scale by the means of fully-secure form widgets – effectively allowing any Web page, blog or mobile device to accept credit card donations and/or registration fees.

Daniel Gillett, the CEO of the company, declared the following: “At Kimbia, we are passionate about partnering with our customers as they emerge into the next generation of online giving and social engagement. Therefore our platform and our people are focused on giving customers the power to create unique campaigns with a transaction engine that is instantly deployable to every corner of the Internet. We are excited to be working with the S3 Ventures team and we are confident these additional resources will allow us to expand client success.”

This second round of funding for Kimbia has been led by S3 Ventures, resulting not only in a $4 million fund, but also in the expansion of the company’s capitalization beyond its earlier investors which have included its CEO, Daniel Gillett, along with other members of leading angel investment groups from Austin and Houston.

Brian R. Smith, the Managing Director at S3 Ventures, stated the following: “Online donations are growing more than 50% year over year and millions of new, Web-savvy donors are looking for easy ways to give to important causes, participate in related events and become advocates raising money on their own. Kimbia has developed the most scalable, customer-friendly yet agile platform in this market. Kimbia’s customers regularly see extraordinary increases in online conversions and first-time gifts which are critical to their long-term success.”

Kimbia is a company based in Austin, Texas, which provides very powerful, but also flexible online fundraising and event management tolls which allow non-profit organizations, along with other types of organizations to have better chances at using the Internet in order to raise funds and to give advocacy. For the moment, Kimbia has over 1,100 customers around the world, number in which a great deal of non-profit organizations, political candidates and event organizers are included.

S3 Ventures reunites a group of entrepreneurs which have major experience in technology and medical ventures. They tend to primarily invest in start-ups or early stage ventures based around the Southwest, but focusing especially on Texas.