VeraData Receives Significant Investment from Beringer Capital
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.
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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.”
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