|[January 11, 2013]
Social Sector Ventures Invests in Affinaquest's Innovative Donor Management System
DALLAS --(Business Wire)--
the powerful and versatile nonprofit donor management system built on
the innovative salesforce.com
platform, announced today that it has received growth capital from Social
Sector Ventures. The new capital will be used to expand its product
functionality and support services, as well as sales and marketing
activities to meet the rapidly growing interest from the nonprofit
"Affinaquest is generating tremendous attention because it's based on a
data model that has been refined over the last 40 years to enable faster
and cleaner data entry and reporting and it has been built on the
robust, state-of-the-art salesforce.com cloud based platform. When
compared to many of the legacy systems in the market today, it is clear
is a dynamic and fresh solution for the complex donor development and
acquisition challenges faced by today's fundraising professionals,"
says company founder, Jeff
"When leading nonprofit institutions are purchasing a donor management
system they have relatively few options to choose from due to technology
vendor consolidation in the past five years," says John
Walvoord, Ph.D., founder of Social Sector Ventures. "Affinaquest is
changing the game, giving nonprofit institutions not only a modern
choice in technology for donor management, but also providing a new
option in database paradigms. By building Affinaquest on the
best-of-class salesforce.com platform, Affinaquest makes it possible for
additional applications to seamlessly integrate with donor management."
Jeff Shy, a nonprofit CRM veteran who has developed nine advanced Donor
Management Systems for nonprofit organizations and university
advancement offices, will continue to lead Affinaquest as President and
Chief Technology Officer. Dr. Walvoord, a long-time thought leader in
donor management and multichannel marketing for the nonprofit community,
joins the Affinaquest board as Chairman.
Affinaquest will remain a privately held company serving the specialized
needs of nonprofit institutions. Additionally, "Social Sector Ventures
is providing funding to assure continued product innovation. We are also
expanding strategic partnerships for consulting, integration and
implementation services," says Dr. Walvoord.
"Technology vendor consolidation has lead to a disconcerting array of
discontinued products and services that disrupt rather than serve the
nonprofit market," says Dr. Walvoord. "Social Sector Ventures provides
the funding that allows entrepreneurs and their families to fulfill
their vision without losing control of their companies. Our goal is to
create and grow companies focused on serving nonprofit institutions
rather than on exploiting nonprofits to build monolithic companies.
Entrepreneurs with a vision to change the world are creating an
alternative value system by building best
of breed companies that are built to serve--and thus built to last."
Affinaquest, founded in 2009, is setting a new standard for 21st century
fundraising and communication for great education and nonprofit causes.
With an unparalleled data model and innovative data architecture built
on the award-winning salesforce.com platform, Affinaquest helps
transform complex data into actionable information that nonprofit
leaders can effectively use to build compelling campaigns and forge
long-lasting relationships with donors, advocates and alumni.
Social Sector Ventures supports entrepreneurs who develop innovative
ideas and communication technologies that empower nonprofit
organizations to do more good. It incubates and accelerates solutions to
unleash donor generosity in ways that are scalable, efficient and in
tune with changing donor preferences. Social Sector Ventures portfolio
companies are helping raise and manage billions of dollars to meet human
needs and create a better, safer and kinder world.
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