TRUiST, a leading provider of e-philanthropy solutions, secured a new and significant round of Series E capital with its investors today.
TRUiSTs investors, comprised of Enhanced Capital Partners, Sopris Capital, SJF Ventures, and United Way Worldwide, have provided funding to further the growth and innovation of TRUiSTs technology -based service solutions. With so many organizations leveraging the ability of online philanthropy, TRUiST is positioned to lead the market with the depth of the companys experience in online giving, volunteering, and matching. This new infusion of capital will strengthen the companys market position and allow TRUiST to develop next generation solutions based upon a strong balance sheet and strategic partnerships.
We really value the relationship we have with each of our lead investors and the value SJF and Advantage Capital bring to the table. This round of funding is a clear indication of their collective confidence in TRUiST and the markets we serve. We can leverage our core strengths and bring next generation e-Philanthropy solutions through the products represented in our roadmap and technology plan, said TRUiST President and CEO, William B. Horne. TRUiSTs progress over the past 19 months has outperformed projections, and with the positive forecasts and financial outlook for TRUiST, our investors saw this as an opportunity to double down and win, said Berry Sethi, Truists Chief Financial Officer.
TRUiST clients include many of the top Fortune 1,000 blue chip corporations, United Ways, and numerous volunteer centers. TRUiST solutions help clients manage workplace giving, events, volunteerism, disaster relief, matching grants, charity vetting, and funds distribution. The firm leverages technology to manage the supply chain of giving connecting donors and volunteers with worthy causes around the world.
About TRUiST
TRUiST is a privately held, for-profit firm, with offices in Washington, DC and New York. TRUiST is the leading provider of online philanthropic solutions for corporations and non-profits, and powers technology solutions for the planning, tracking and management of global employee and community involvement initiatives. With over 1,300 campaigns representing a cumulative 3,000 programs, 700,000 donors, 1 million volunteers and $ 2.5 billion in charitable contributions, TRUiST connects individuals, companies and nonprofits - to each other providing information, resources and results. For more information, visit http://www.TRUiST.com
About Enhanced Capital Partners
Enhanced Capital Partners LLC (http://www.enhancedcapital.net), formed in 1999, is a diversified national asset management firm that provides investment capital to small businesses that are underserved by traditional sources of financing. The company's goal is to promote the growth and expansion of small businesses, while attaining significant returns for its investors by mentoring and leveraging additional private equity for its portfolio companies through its partnerships.
About Sopris Capital
Sopris Capital (http://www.sopriscapital.com), established in 2002, is dedicated to helping talented management teams and entrepreneurs build value in their companies. The firms philosophy is to work with business owners that want to preserve their companys culture and reputation while seeking liquidity or new capital to perpetuate its historical success.
About SJF Ventures
SJF Ventures is a venture capital fund with offices in Durham, NC, New York and San Francisco. SJF has an eleven-year successful record of assisting visionary and talented management teams in building industry leading firms. SJF provides strong expertise and networks in the cleantech, sustainability and technology enhanced services sectors, including particular experience in renewable energy. SJF portfolio firms include groSolar, CleanScapes, eRecyclingCorps, Fieldview, MediaMath, ServiceChannel, and Ed Map. For more information, visit http://www.sjfventures.com.
About Advantage Capital Partners
Advantage Capital Partners is a private equity and venture capital firm focused on early-stage companies and other investments supporting state and local economic development. With offices in New Orleans, St. Louis, Tampa, New York, Denver, Madison and Huntsville, Advantage has raised more than $ 600 million in institutional private equity since 1992 and invested in companies located in geographic areas where little venture capital or venture capital infrastructure exists -- or where capital is only available for mature companies. For more information about Advantage Capital, visit http://www.advantagecap.com.
About United Way Worldwide
United Way Worldwide is the leadership and support organization for the network of nearly 1,800 community-based United Ways in 40 countries and territories. It advances the common good, creating opportunities for a better life for all, by focusing on education, income and health. The United Way movement mobilizes millions to actionto give, advocate and volunteerto improve the conditions in which they live. For more information about United Way, please visit: LIVEUNITED.org.
Media Contact:
Larry Sullivan
TRUiST
Phone: (202) 903-2549
Email: lsullivan(at)truist(dot)com
Karla Gammon
TRUiST
Phone: (202) 903-2566
Email: kgammon(at)truist(dot)com
