Seattle-based fundraising startup Snap! Raise sold off a part of its business to Graduway, an Israel-based company that provides a networking platform for universities to engage with students and alumni.
Graduway is acquiring Snap! Raise’s Snap! Advance product for universities and nonprofits to execute fundraisers. As part of the deal, Graduway will establish a U.S. office in Seattle and add 12 Snap! Raise employees working on the Advance product.
Snap! Advance raised more than $38 million over the last year from more than 60,000 donors around the world. Its customers include more than 100 major universities, such as Columbia University, Boston University, Wisconsin University, Tulane University, Rutgers, University of Michigan and University of Florida.
Snap! Raise, No. 26 on the GeekWire 200 ranking of the top Pacific Northwest startups, still has 260 employees following the deal. Snap! Raise’s bread-and-butter is a fundraising platform for schools, clubs and sports teams.
“Our mission at Snap! Raise remains and we’re more focused than ever on delivering an ecosystem of technology that supports our 50,000 plus coaches and educators in the K-12 space so they can focus on what they do best, developing the leaders of tomorrow,” Snap! Raise President Trevor Downs said in a statement.
Graduway has more than 2,000 customers across 40 countries and 100 employees in offices in Israel, Canada, the U.K. and U.S.
