Resilia, an internet-based service provider founded by New Orleanian Sevetri Wilson five years ago, said Friday it has raised $35 million from investors to help fund its planned expansion.
The company is a software-as-a-service application used by non-profit organizations to help applying for grants, fundraising, developing staff, collaboration and a host of other functions.
Resilia said Friday that it has seen annual revenue grow by 300% and will use the new money to expand its services and sales efforts.
The “series B” round of financing, which is for companies that are past the start-up phase and looking to grow rapidly, was led by Panoramic Ventures and Framework Venture Partners. Investors include Mucker Capital, SoftBank Group’s SB Opportunity Fund and Goldman Sachs Asset Management Fund.
Wilson said that the investment will help in her goal to give access to money and other assets to a wider range of non-profits. “This latest investment gets us closer to realizing our vision of democratizing philanthropy by reallocating power over its decision-making and resources as well as providing more seats at the table,” she said in a prepared statement.
The company, which has offices in New York as well as New Orleans, said it now has more than 15,000 non-profit clients. They include Oxfam America, the Robert Wood Johnson Foundation and the United States Tennis Association Foundation.