EverTrue, a software company that aims to modernize fundraising efforts at educational institutions, announced that it has secured $6MM in additional funding led by University Ventures with participation from existing investor Bain Capital Ventures. The financing will be used to drive further software innovation as the company continues its mission to power the future of higher ed advancement. This most recent round brings EverTrue’s total funding to $23.5MM.

Over the last three decades, the number of nonprofits has increased by more than 200 percent, leaving only 15 percent of total philanthropic dollars for...

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