TechCXO Client MemberSuite Raises $11M Series B
TechCXO client MemberSuite raised $11 million of Series B venture funding from lead investor Revolution Ventures on September 26, 2016. Fidelis Partners, Angel Investment Management, Accomplice Partners and Alerion Ventures also participated.
The company plans to use the funding to add over 50 team members, with a focus on hiring in sales, marketing and engineering in the Atlanta region. With the round, the company has now raised a total of $19.6 million in funding to date.
MemberSuite is a provider of association management software (AMS) for associations and nonprofit organizations. The company develops software that helps trade associations manage fundraising, event planning, accounting, dues-collection and other functions. It delivers its web-based, back-office software on a subscription basis. TechCXO partner Todd Guthrie is engaged with MemberSuite. Read the full release here.