$4.5M for e-charity – Site was launched in March

GivingCapital, a software company that focuses on the nonprofit market, has raised $4.5 million in private investments in its first round of funding.

The company provides Internet applications that allow nonprofit organizations to receive and process donations through their Web sites and manage nonprofit fundraising.

The company will use its new funding to increase marketing and sales efforts, develop strategic partnerships, and create new products.

GivingCapital launched with 50 nonprofit partners on March 30, 2000.

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