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Kimbia Rounds Up $4M In Series 2

2011-08-01
Firm seeks to expand industry adoption of its Web-based fundraising and event management software.
AUSTIN, TX, Kimbia, Inc. announced it raised more than $4 million in a Series 2 round of funding led by S3 Ventures to expand industry adoption of its Web-based fundraising and event management software.

Kimbia's innovative platform is designed to power the next generation of online fundraisers, event organizers and social advocates. Kimbia donation and registration forms are fully customizable through a Web-based control panel and are deployable anywhere on the Web via fully-secure form widgets - effectively allowing any Web page, blog or mobile device to accept credit card donations and/or registration fees.

"At Kimbia, we are passionate about partnering with our customers as they emerge into the next generation of online giving and social engagement," said Daniel Gillett, CEO of Kimbia. "Therefore our platform and our people are focused on giving customers the power to create unique campaigns with a transaction engine that is instantly deployable to every corner of the Internet. We are excited to be working with the S3 Ventures team and we are confident these additional resources will allow us to expand client success."

The Kimbia, Inc. Series 2 Financing Round was led by S3 Ventures and expands the company's capitalization beyond its earlier investors which have included its CEO, Daniel Gillett, as well as members of leading angel investment groups from Austin and Houston.

"Online donations are growing more than 50% year over year and millions of new, Web-savvy donors are looking for easy ways to give to important causes, participate in related events and become advocates raising money on their own," said Brian R. Smith, Managing Director of S3 Ventures. "Kimbia has developed the most scalable, customer-friendly yet agile platform in this market. Kimbia's customers regularly see extraordinary increases in online conversions and first-time gifts which are critical to their long-term success."

For more information on Kimbia, Inc. visit www.KIMBIA.com.

About Kimbia, Inc.
Based in Austin, Texas, Kimbia provides the most powerful and flexible online fundraising and event management tools in the marketplace; enabling nonprofits and other organizations to more effectively use the Internet to increase giving, participation and advocacy. Today Kimbia is used by more than 1,100 customers - including a diverse collection of non-profit organizations, political candidates and event organizers. www.kimbia.com

About S3 Ventures
S3 Ventures is a group of entrepreneurs, with operating experience in successful technology and medical ventures. Today we help bring together talented entrepreneurs, innovative technology and growing markets to form valuable businesses. We invest primarily in early stage ventures around the Southwest with a focus on Texas.



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