November 20, 2014
YourCause LLC, the SaaS provider of CSRconnect Employee Engagement Platform, recently announced that they closed a successful Series A funding round led by Vocap Investmnet Partners. The capital raised, which is undisclosed, will be used to support the company’s trend of positive growth.
YourCause is focusing on a three-tiered system to sustain this trend: expand marketing and sales initiatives, develop new industry products and services, and enhance geographic capabilities. Over the past three years, YourCause has worked to solidify their position as a marketplace leader in web-based tools that support corporate social responsibility programs.
“I’ve always known that the opportunity to grow to this point was right there and ours for the taking,” says Matt Combs, Founder and CEO of YourCause. “Now, it’s time to leverage the foundation we have built and aggressively expand our services and capabilities to deliver the overall impact that we have always known is possible through our software and continued dedication to this space.”
Since 2010, the company has grown in the number of clients, revenue, and employees by roughly 80 percent annually. They’ve also delivered donations to more than 40,000 nonprofit organizations throughout the world.
“After reviewing YourCause’s three-year business plan which consisted of clear expansion opportunities for their clients, products and services, as well as projected internal growth, the Vocap team determined that YourCausewas the right opportunity for us” says Vinny Olmstead, Managing Director at Vocap Investment Partners. “The vision they have for how they’ll lead the evolution of the rapidly expanding CSR industry is well-constructed and proven through their previous success.”
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