Avid, an Austin-based company developing an AI-powered fundraising operating system for nonprofits, has raised $6.5m in seed funding.
The round was led by Silverton Partners, a venture capital firm also based in Austin. The new investment will help Avid further its mission to accelerate fundraising for modern nonprofit organisations by bringing strategy and execution together on one platform.
Avid has built what it calls the world’s first Fundraising Operating System — a unified platform that connects the tools and data used by fundraisers every day. The system streamlines how nonprofits plan, analyse, and act by integrating data, insights, and execution into a single, frictionless experience.
The company said the fresh capital will be used to expand its team and accelerate innovation across its product suite, artificial intelligence development, and go-to-market strategy. This will enable Avid to scale operations and help more organisations “act faster and fundraise smarter.”
Avid CEO Ray Gary said, “Fundraising is one of the most mission-critical functions in the world—and yet it’s been held back for decades by tools that don’t work together. We’re rebuilding fundraising from the ground up—putting strategy and execution on demand for every nonprofit team. This funding allows us to expand that vision and empower more organizations to act faster and fundraise smarter.”
Avid founder and CTO Kevin Peters said, “I’ve spent the past decade watching nonprofit teams wrestle with the same data and execution challenges again and again. Avid was built to solve that. We’re not just surfacing insights—we’re closing the loop from data to deployment so fundraisers can spend less time managing tools and more time driving impact.”
Silverton Partners partner Rob Taylor said, “Nonprofits are under increasing pressure to do more with less, and Avid gives them the system to do exactly that. The Avid team understands the complexity of fundraising at a deep level, and their approach to harnessing new advances in AI to unify data, intelligence, and automation is both timely and transformative. We’re thrilled to partner with them as they redefine what’s possible in this sector.”
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