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Gofundme Completes Acquisition Of Classy

May 17, 2022•over 3 years ago

Acquiring Company

GoFundMe

Acquired Company

Classy

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Description

GoFundMe, the trusted leader in online fundraising, announced the completion of its previously announced acquisition of Classy, the leading nonprofit fundraising software company. Classy will continue to operate as a wholly owned subsidiary of GoFundMe.

Company Information

Company

GoFundMe

About

Since 2010, GoFundMe has become a trusted global leader in online fundraising, helping to raise and deliver more than $17 billion from over 200 million donations. In 2022, GoFundMe acquired Classy, a giving platform that enables nonprofits to connect supporters with the causes they care about. Our vision is to become the most helpful place in the world. To learn more, visit us at GoFundMe.com and find us on Twitter, Facebook, and Instagram.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed