August 2, 2011
DC-based Salsa Labs, which provides online organizing and fundraising solutions to nonprofits, associations, and political campaigns, has received a $5 million investment from Edison Ventures, a VC firm that focuses on emerging growth IT companies.
Salsa Labs is definitely a startup success story in the making. They bootstrapped for several years and have grown into a profitable organization with 50 employees. The funds will be used to enter new markets, support training and community support programs, enable the development of 3rd party applications in the Salsa Market, and expand their product development strategy, including new capabilities for donor management, social CRM, and mobile applications.
Though they are headquartered in Washington, DC, they have an office in Austin, and will be adding a combined 100 jobs in the coming year at both locations.
Their software and services suite currently support more than 2,000 user groups’ relationships with over 50 million supporters, members, donors, activists, and fans around the world.
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