FRAMEWORK is pleased to announce our Series B investment in Resilia, a tech company that is innovating the non-profit sector for corporate funders, public grantors and not-for-profit organizations.
The total raise of US $35 million marks the single largest by a solo, black, female tech founder. We are thrilled to welcome founder Sevetri M. Wilson and the Resilia team to our portfolio and to assist them on their growth journey, particularly as they expand into Canada. Sevetri has been recognized as the 2010 recipient of the National Nobel Prize for Public Service, one of PitchBook’s 27 Black Founders to Watch, and one of Inc. Magazine’s 100 Women Building America’s Most Innovative Companies.
Resilia’s mission is unimpeachable: democratize philanthropy, increase accessibility and empower funders, corporate philanthropists and grantees to do more of what they do best.
Non-profits are often unnecessarily challenged through a lack of the very innovations that Resilia now brings to life in a highly accessible way. As a ‘tech for good’ SaaS, Resilia has created scaleable and necessary innovations in a sector that is infamous for being underserved by technology, for operating beyond capacity, and running on the unending passion of committed team members.
Resilia’s suite of products brings innovation and opportunity to non-profit organizations including administrative support, on-demand training, talent development and retention, and reporting tools. The company’s technological solutions assist with all the cornerstones of non-profit work: program management, organizational design, community engagement, legal compliance, fundraising and board management.
Resilia also bridges the gap between non-profits across their lifespan and their funder ecosystems. Funders are given assistance with impact tracking, deepened relationships with their grantees, and scouting opportunities, all of which stretches grant dollars meaningfully beyond capital, while making it easier than ever to offer key tools to the non-profits they serve. Through Resilia, funders can build capacity at grantee organizations and help them scale impact. It’s a double-sided SaaS solution that helps the whole sector. At FRAMEWORK, we also believe that with increased focus on ESG, corporate donors will seek more robust analytics and ways to assist non-profit entities. Resilia is the tool they need.
Our purpose-driven approach to investment looks for technologies that solve problems and improve the world. Resilia takes purpose to the next level by helping non-profits and their funders to do just that: solve problems and, because of the nature of those problems and the work of non-profits, make the world better.
At first glance, “non-profit” might sound like an unusual VC investment, but then you have to consider the size of the total available non-profit (TAV) market of $5.3 billion in the US alone, with much higher market size when considering the company’s significant global potential. And we’re in good company! This series B investment is co-led by Panoramic Ventures, with returning and new investors Mucker Capital, Callais Capital, Cultivation Capital, Engage Ventures, SoftBank Group’s SB Opportunity Fund, Kimble Ventures, The Jump Fund, Fearless Fund, Goldman Sachs Asset Management Fund, Chloe Capital, Gaingels, Mana Ventures, and others.
We’re also thrilled to support and actively assist Resilia as it works on financial verticalization with clear opportunities for fintech to be layered into the business model through donations, loans, insurance and fund management.
Venture Beyond Capital.