VeraData LLC., a leading decision science and fundraising acceleration platform for not-for-profit organizations in the United States, has received a significant investment from Beringer Capital.
FORT MYERS, Fla., Nov. 21, 2022 /PRNewswire-PRWeb/ -- VeraData LLC., a leading decision science and fundraising acceleration platform for not-for-profit ("NFP") organizations in the United States, has received a significant investment from Beringer Capital, a leading North American private equity firm specializing in the media, marketing services, and technology sectors.
The partnership with Beringer will fuel investment in talent, capabilities, and technology to further enhance VeraData's highly differentiated offering across fundraising acceleration and analytics solutions. VeraData will have more resources than ever to deliver unprecedented fundraising growth for more clients, backed by a caliber of state-of-the-art data science previously only accessible to large scale commercial enterprises.
Michael Peterman, Founder and CEO of VeraData, said, "We are thrilled to join forces with Beringer Capital to propel expansion of our predictive modelling and machine learning platform and drive continued scale and impact for our NFP clients and their causes."
Gil Ozir, Managing Partner of Beringer Capital, added, "With the speed of digital transformation, there is significant demand for donor analytics and fundraising acceleration tools in the NFP industry. VeraData is poised for rapid growth, and we are delighted to work with the team at VeraData on their next chapter."
BrightTower, a New York City headquartered investment banking and M&A advisory services firm, served as exclusive financial advisor to VeraData in this transaction.
About VeraData
VeraData is the market leading fundraising acceleration and decision science platform driving donor acquisition and reactivation in the non-profit sector. VeraData is differentiated by its donor analytics and predictive modeling engine, a unique and defensible data asset, and best-in-class creative and fundraising outreach execution. The VeraData machine learning platform unlocks the predictive power of first- and third-party permissioned data compiled from hundreds of sources and more than one billion consumer records in its data warehouse. For more information, visit http://www.veradata.com
About Beringer Capital
Beringer Capital is a private equity firm specializing in the rapidly evolving media, marketing services, commerce, data, and technology sectors. The firm leverages its financial and intellectual capital to invest in middle-market companies that are strongly positioned to benefit from the accelerating trend toward digital transformation. Beringer's collaborative approach, as well as its strong track record with add-on acquisitions, helps visionary leadership teams to deliver exceptional customer experience and achieve impressive results. Beringer Capital has offices in Toronto and New York. For more information, visit http://www.beringercapital.com
Media Contact
Michael Peterman, VeraData, 1 239-204-5000, [email protected]
SOURCE VeraData
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