/EIN News/ — ITHACA, NY, Aug. 30, 2018 (GLOBE NEWSWIRE) — GiveGab, the Nonprofit Giving Platform, today announced an investment of $1.5 million from New York Ventures, the venture capital arm of Empire State Development (ESD). GiveGab will use the funding to build out its sales and engineering teams, refine its SaaS platform, and for other ordinary working capital requirements. This investment will add to the company’s tremendous growth over the last six months, bringing GiveGab’s Series A funding to over $9 million. GiveGab plans on using the funding to continue to innovate in its best-in-class giving day and year-round fundraising platforms. New York Ventures meets the critical capital needs of New York State’s innovation economy by providing funding to high-growth startups as they move from concept to commercialization, through early growth and expansion. The mission of ESD is to promote a vigorous and growing state economy, encourage business investment and job creation, and support diverse, prosperous local economies across New York State. Empire State Development President, CEO, and Commissioner, Howard Zemsky said, “New York Ventures is proud to assist companies like GiveGab that are bringing high-skilled jobs and economic activity to Upstate New York. By investing in new and… Read full this story
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