CINCINNATI, NEW YORK, SEATTLE, ST. PAUL, March 31, 2016 – SaaS Capital, the pioneer provider of Committed Credit Facilities to SaaS companies, today announced that it has provided a $2.5 million line of credit to Reeher, developers of the premier fundraising management platform for higher education.
“Because of its flexible structure and understanding of the software-as-a-service business model, SaaS Capital was a natural choice for Reeher,” said Andy Reeher, Founder and CEO of Reeher. “With our strong revenue growth and high retention rates, we remain focused on pioneering technology for the higher education advancement industry. And with the $2.5 million line of credit from SaaS Capital, Reeher can continue to increase our sales and marketing presence, which will help share our innovative fundraising software with colleges and universities across the nation.”
Founded in 2002, Reeher is transforming higher education fundraising as a leading developer of cutting-edge software services that improve the effectiveness of university fundraising. Its Reeher Platform, the first and only shared management system in the industry, is a SaaS application that combines data-driven management practices with unique predictive models to identify which prospects are most likely to give. Essentially, it helps institutions do more with less by increasing the efficiency of their fundraising efforts. Today, Reeher works with more than 95 colleges and universities which use Reeher’s fundraising management platform, and gives the Reeher community access to insights and giving behaviors from more than 24.5 million constituents.
“SaaS Capital is thrilled to join Reeher in their next phase of growth,” said Rob Belcher, Managing Director of SaaS Capital. “Their solution brings badly needed simplicity, elegance and organization to the world of archaic and byzantine higher education legacy fundraising and donor database systems. The modeling and potential donor giving forecasting components drive immediate ROI to institutions implementing the service.”
Reeher is a leading developer of cutting-edge software services to improve the efficiency and effectiveness of higher education fundraising efforts. Their signature Reeher Platform provides university development leaders at institutions of all sizes with tools to track and measure effectiveness, discover new opportunities, engage constituents and improve ROI. Based in St. Paul, Minn., Reeher works with leading universities across the country, including Johns Hopkins University, Fordham University, University of New Hampshire, Saint John’s University, Duke University and more. For more information, please visit www.reeher.com, call (651) 789-1700 or email firstname.lastname@example.org.
About SaaS Capital
SaaS Capital is the premier provider of Committed Credit Facilities to SaaS companies. Focusing exclusively on the SaaS business model, SaaS Capital delivers faster decisions, more capital, and longer commitments. SaaS businesses have used SaaS Capital's Committed Credit Facilities, instead of equity, to finance growth and create hundreds of millions in enterprise value without sacrificing significant ownership or control. Also, through its partnership with DH Capital, a boutique investment banking advisory firm, SaaS Capital can assist with M&A and capital raising services. SaaS Capital has offices in Cincinnati, New York, and Seattle. Visit www.saas-capital.com to learn more.
Many SaaS companies are looking for alternative financing options, especially in today's economy. SaaS Capital brings the expertise of the SaaS business model as well as alternatives to traditional financing.
CFO, SPS Commerce (SPSC) – River Cities SaaS portfolio company