Canaccord Genuity Advises Fundraising Software Specialist GiveGab on Sale to EveryAction
The Number One Giving Day Platform Joins with the Fastest-Growing, Second-Largest Nonprofit Software ProviderCanaccord Genuity is pleased to announce that it has advised GiveGab, Inc., the market leader in hosting “Giving Day” nonprofit fundraising campaigns, on its sale to EveryAction, a portfolio company of Insight Partners.
With its highly successful Giving Day campaigns, GiveGab has made an indelible mark on communities and schools across America. The company has helped more than 40,000 nonprofits raise in excess of $2 billion for great causes worldwide. GiveGab’s Giving Days grow donations 10 times faster than any other giving channel, while retaining donors three times more effectively.
EveryAction offers best-in-class digital, development, and organizing SaaS products, with a unified customer relationship management (CRM) platform that serves nonprofits of all sizes. Headquartered in Washington, D.C., EveryAction is fueled by passionate people who truly care about doing more good with a love of important causes and innovative technology.
With the addition of GiveGab, EveryAction is now the fastest-growing and second-largest nonprofit software provider, with nearly 400 employees and annual revenues approaching $100 million. GiveGab is the fifth acquisition that EveryAction has made since 2018, following the acquisitions of ActionKit, BSD Tools, DonorTrends, and Mobilize.
Canaccord Genuity, with a team led by Geoff Rhizor, Andrew Pojani, and Wesley Rossiter, served as exclusive financial advisor to GiveGab. This is the Canaccord Genuity teams 3rd closed advisory transaction in the nonprofit space in the past eight months and 10th transaction in the broader member management sector.