Rand Capital Corporation’s portfolio company GiveGab has acquired substantially all of the assets of Kimbia.
Best known for its nation-wide giving day events, Kimbia has supported the fundraising efforts of thousands of nonprofits across the country through their everyday giving products and Giving Days.
“Kimbia is a pioneer and has been the leader in the giving day space, with more than USD1 billion raised online for tens of thousands of nonprofits around the world,” says GiveGab’s Chief Executive Officer, Charlie Mulligan. “We’re thrilled to add their legacy and experience to our modern, secure, and user-friendly platform, and to continue to build on our absolute obsession with customer service. This acquisition will allow us to combine the very best of Kimbia with GiveGab, helping to advance the rapidly growing Giving Day market.”
The acquisition brings GiveGab closer to its goal of being the largest charitable software platform through the combined support of over 40,000 nonprofits since its inception.
“We are very excited about the opportunity to continue support of Kimbia’s clients under the leadership of GiveGab going forward,” says Mark Perkins, Chief Executive Officer of Kimbia. “The industry is ripe for consolidation and we believe that GiveGab is the best fit going forward to provide innovative tools to our nonprofit partners and grow their impact on the world. GiveGab’s commitment to customer service is unparalleled and we know our partners are in good hands.”
Allen F (Pete) Grum, President and Chief Executive Officer of Rand Capital, commented: “GiveGab has grown significantly since our initial investment in 2013. It is exciting to see successful advancements of our portfolio companies, from both a financial as well as a market penetration perspective. GiveGab’s acquisition of Kimbia takes them to the next level in furthering their mission. I look forward to sharing their success in the future.”
