Vennfi
Latest round
- Seed
Last raised
- Apr 2022
Total raised
- $4.5M
Investors
- 5
About Vennfi
Vennfi, Inc.Founded in 2016 in Atlanta, US, Vennfi, Inc. specializes in modern donor-advised funds and has undergone strategic developments to enhance its offerings. The company's founders, Ashby Foltz and Stephen Kump, aimed to simplify charitable giving. As of October 2024, Vennfi was acquired by Foundation Source Philanthropic Services Inc.Vennfi, Inc. offers modern donor-advised funds that enable purposeful giving for individuals and organizations. Their primary product is a user-friendly giving account that allows donors to efficiently contribute to charitable causes, manage donations, and track philanthropic efforts from a single platform. This service targets high-net-worth individuals and families, addressing common inefficiencies in the charitable process.Vennfi generates revenue through transaction fees associated with donations made via its platform. This structured model allows donors to fund accounts allocated to various charitable organizations, facilitating both one-time contributions and recurring donations.Following its acquisition by Foundation Source Philanthropic Services Inc. on October 17, 2024, Vennfi, Inc. aims to leverage this partnership to enhance and broaden its donor-advised fund offerings. The acquisition is expected to drive future growth by expanding into new markets and enhancing product features, although specific upcoming products and release dates have not been disclosed.
Who invested in Vennfi
5 investors across 2 rounds
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Questions about Vennfi
Who invested in Vennfi?
Vennfi has 5 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Vennfi raised?
Vennfi has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Vennfi last raise money?
Vennfi's most recent round on record is a Seed, in Apr 2022.
What does Vennfi do?
Vennfi is a financial services company.
Where is Vennfi headquartered?
Vennfi is headquartered in Atlanta, US.
Which VCs invest in companies like Vennfi?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Vennfi's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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