Resilia Announces Strategic Investment by SoftBank’s Opportunity Fund
Funds will be used to scale Resilia’s SaaS solutions to empower and strengthen nonprofits
Resilia, a social impact-focused SaaS company based in New Orleans, has announced an investment by the SB Opportunity Fund, a $100 million venture fund dedicated to supporting Black, Latinx and Native American founders. The SB Opportunity Fund is part of SoftBank Group, one of the largest technology investors in the world. In March 2020, Resilia raised a Series A from investors including Mucker Capital and Callais Capital.
“We were drawn to Resilia given the team’s deep understanding of the journey and pain points facing their grantor and grantee customers, as well as the impact that technology can play in solving them,” SB Opportunity Fund Managing Partner Shu Nyatta said. “The platform gives organizations that are often under-resourced and capacity constrained the power to amplify their missions and more quickly scale their impact.”
Founded in 2016 by CEO and serial entrepreneur Sevetri Wilson, Resilia’s SaaS-based technology helps organizations and change makers build capacity, maintain compliance, and scale programs with data-driven solutions. Resilia’s Funder Platform enables grantors (foundations, corporations, and cities) to empower their grantees with on-demand technical assistance and capacity support.
Resilia’s 2,800+ customers range from small to mid-sized nonprofits, government offices, private foundations, and corporations. Notable customers include Oxfam America, Kellogg, The United Way, and Stem Library Lab. Resilia also has a second office in New York City.
The investment from SoftBank’s Opportunity Fund helps position Resilia for significant growth following the launch of its new Nonprofit Platform.
“The nonprofit sector, which employs nearly 15% of the United States work force and is responsible for billions of dollars in investments, has been chronically underserved by technology,” Wilson says.
“We are excited about this investment as we continue to work towards democratizing philanthropy, re-centering nonprofits, and giving funders, such as private foundations, governments, public charities, or corporations, the opportunity to provide on-demand capacity-building resources to their partners.”
The announcement comes on the heels of Wilson’s newly published book, Resilient: How to Overcome Anything and Build a Million Dollar Business With or Without Capital, which recently reached the Wall Street Journal bestseller list.
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