Marlin Equity Partners has acquired FrontStream, a non-profit fundraising and corporate giving software developer.
Massachusetts-based FrontStream builds a vertically integrated fundraising platform for non-profit and corporate clients to manage P2P and online auctions. Users are able to generate insights into donor, volunteer and charitable events by tracking donations, event setup and volunteer services.
Using the app, a non-profit can create online donation forms and automate exportable reports and donations. Its services can also implement P2P donations to manage events such as national run/walk/rides, or setup recurring donation programs.
FrontStream also enables clients to create online and live fundraising auctions which consumers can bid on through their mobiles. The app helps to manage bid sheets, emails, shipping labels, catalogs and gift certificates.
Through the acquisition, FrontStream hopes to accelerate its growth plans and innovation schedule, to help simplify donation making for everyone.
FrontStream president and CEO Bill Wood said, “With more nonprofits and companies actively seeking to raise funds, our next generation, all-in-one SaaS fundraising platform has become a critical resource for companies looking to provide a personalized engagement experience for donors, members, volunteers and employees alike.”
Last year, Marlin Equity made an undisclosed majority stake investment into cybersecurity solution services AppRiver. The company, founded in 2002, delivers e-mail spam and virus filtering services to protect and secure e-mails for financial services and insurance firms.
Another FinTech acquisition made by Marlin last year, was for the Sweden-headquartered Medius, which automates invoices throughout the purchase-to-pay processes. The transaction was undisclosed, but saw the firm buy stakes from Novax, InnovationsKapital and other minority shareholders.
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