The software as a service (SaaS) platform raised $8 million in its Series-A round of funding, making it the highest VC raised by a female-founded tech firm in Louisiana, announced Business Wire. The funding round was led by Mucker Capital and Callais Capital Management with participation by Cultivation Capital.
“We spotted Resilia early-on, and have been impressed with Sevetri’s leadership and her team’s ability to identify market needs, move quickly, and expand their products to serve the complex needs of grantors and grantees,” said William Hsu, co-founder and partner at Mucker Capital, who also joined Resilia’s board.
In 2016, the Louisiana-based founder created Resilia, named for resilience, to help nonprofits scale their philanthropic efforts through technology. The platform expedites the process of incorporating and applying for tax exemption. Also, it offers resources to reduce costs ad streamline data collection.
We plan to continue to build our teams in both New Orleans and New York, and use this time to iterate on the best ways we can continue to serve our customers, and advance our technology.
— Sevetri Wilson (@sevetriwilson) May 12, 2020
Plans for this new funding include filling out the company’s executive suite and will also allow Resilia to begin to scale, reports Black Enterprise.
“I want to give a big thank you to our team and investors for their continued support and believing in the vision of the company,” Wilson tweeted in response to the Series A raise. “Resilia serves a two-sided market, serving both nonprofit organizations and Enterprises (cities, foundations and corporations). We plan to continue to build our teams in both New Orleans and New York, and use this time to iterate on the best ways we can continue to serve our customers, and advance our technology.”