Gravyty, a provider of AI-driven fundraising tools, has receive a $21 million investment from K1 Investment Management.
The funding will allow Gravyty to pursue growth in the social good sector that encompasses higher education institutions, nonprofits, healthcare organizations and hospitals, the company says.
Gravyty helps fundraisers personal outreach and build relationships with prospects, the company says. Among other thing, it provides AI-driven email drafts.
It hopes to “expand the use of artificial intelligence to solve the world's biggest challenges through philanthropy,” states Adam Martel, CEO of Gravyty.
One client, Westmont College, gives the firm high marks, saying that it is “transforming how fundraising can work by leveraging artificial intelligence and machine learning." This helps to "fund student success, leading research, and more," states Reed Sheard, vice president for college advancement and chief information officer, Westmont College.
“Gravyty and artificial intelligence empower our fundraisers to achieve high-volume and personal outreach as we strive to establish multiple touchpoints with our ever-growing donor pool,” adds Laurel Lyle, vice president, development operations and fundraising programs, Cure Alzheimer's Fund.
Lyle says that thanks to Gravyty, the group is now “inspiring giving that will lead to a cure.”