$5 Million Investment in Fundly Reflects Broader Social Media Fundraising Trend

Fundly, a leader in social fundraising for nonprofits, announced a $5 million round of financing led by Morgenthaler Ventures, bringing the total investment in Fundly to $7.5 million. Existing seed investors, Kapor Capital, Correlation Ventures, Seraph Group, and Accelerator Ventures also participated in the round. Mark Goines, a partner at Morgenthaler Ventures, has joined the Fundly board of directors.