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Silversmith Capital Partners leads $50m investment in GiveCampus

GiveCampus, a fundraising platform for nonprofit educational institutions, has closed a $50 million minority growth equity investment led by Silversmith Capital Partners, a Boston-based growth equity firm. 

Several individual investors also participated in the financing including Y Combinator’s Michael Seibel, Stripe’s Claire Hughes Johnson and founding HubSpot team member, Mike Volpe. 

As part of the investment, Silversmith has committed significant additional capital to provide GiveCampus employees with liquidity through a tender offer. 

The financing marks the first time the bootstrapped company has raised capital since raising less than $1 million from family, friends, angel investors, and Y Combinator in 2015. The capital will be used to accelerate product development and hiring across the organisation.

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