Virtuous Acquires RaiseDonors

Arbiter Acquires Vertical Raise

April 1, 2026

IT Services

Arbiter, the K–12 athletics and school activities management platform, announced it has acquired fundraising provider Vertical Raise. The acquisition is intended to expand Arbiter’s suite with integrated, technology-enabled fundraising capabilities while keeping Vertical Raise’s leadership and operations intact.

SofterWare Acquires Givecloud

January 8, 2026

Cloud & SaaS

SofterWare, developer of DonorPerfect fundraising software, has acquired Givecloud, a donor-focused online fundraising and donation-forms platform. The acquisition is intended to accelerate SofterWare’s product roadmap by embedding Givecloud’s donation-form capabilities into the DonorPerfect ecosystem and scale Givecloud’s tools to a broader nonprofit customer base.

EverTrue Acquires DonorSearch

September 4, 2025

Cloud & SaaS

EverTrue has acquired DonorSearch to combine DonorSearch’s AI-powered donor intelligence and philanthropic dataset with EverTrue’s donor engagement and outreach capabilities. The deal — by EverTrue, which is backed by Rubicon Technology Partners — aims to embed deeper intelligence and automation across fundraising workflows to help nonprofit customers identify and engage high-potential prospects more effectively.

Susquehanna Growth Equity Leads $100M Growth Investment in Virtuous

September 19, 2024

Cloud & SaaS

Virtuous, a Phoenix-based provider of fundraising CRM software for nonprofits, raised a $100 million minority growth investment led by Susquehanna Growth Equity (SGE). The capital will accelerate product innovation (including AI tooling and expanded integrations) and bolster customer success and services; SGE partners Ben Weinberg and Aneesha Raghunathan will join Virtuous' board.

Bonterra Acquires DonorDrive

September 10, 2024

Cloud & SaaS

Bonterra, the Austin-based social good software company, has acquired DonorDrive, a provider of peer-to-peer and digital fundraising solutions. DonorDrive was sold by parent company InvoiceCloud; terms were not disclosed. The acquisition will integrate DonorDrive into Bonterra's suite to provide a unified fundraising experience and bolster data for its AI-enabled fundraising capabilities.

Virtuous Acquires Volunteer Management Platform VOMO

February 22, 2022

Cloud & SaaS

Virtuous, a Phoenix-based nonprofit CRM and responsive fundraising platform, has acquired VOMO, an award-winning volunteer mobilization SaaS that helps organizations recruit and manage volunteers. The deal integrates volunteer management into Virtuous’s donor and supporter platform to provide nonprofits a holistic view of supporter activity and expand Virtuous’s product capabilities.