An avant-garde software company operating in the philanthropy sector, SureImpact, recently announced a strategic partnership with Microsoft Cloud for Nonprofit that is positioning the company for worldwide exposure. Before its alignment with Microsoft, the startup company caught recognition for reaching a benchmark of nearly 1/3 growth last year—a remarkable feat for a company that routinely faces challenges in both the nonprofit and tech landscapes.
SureImpact Inc., launched in 2018, is an imaginative leader in data-driven distinction and impact. The company is devoted to transforming the social sector through ground-breaking data solutions and empowering organizations in the nonprofit, social enterprise, government, and foundation sectors with unmatched data-driven insights. SureImpact's state-of-the-art platform patches the hole between what organizations actively do and how they get it done. The software company provides easy access to data-driven insights, which ensures strict liability and highlights effective practices. With an unwavering pledge to excellence and impact, SureImpact is logging new possibilities in the social sector, transforming communities, and shaping a future where data is employed for the world's greater good.
The company will soon be featured in the app marketplace for nonprofit cloud customers as an independent service vendor within Microsoft's new offering, solely tailored for nonprofits. This dynamic collaboration is set to enable global sales of their impactful software, emphasizing why founder and CEO of SureImpact, Sheri Chaney Jones, describes the affiliation as a "channel partnership." Jones stated on the move, "This partnership with Microsoft marks a significant milestone in our journey. It allows us to extend our reach globally and helps nonprofits around the world to optimize their impact through data-driven decisions."
At this time, SureImpact's software collectively serves more than 200,000 clients, as 439 organizations have adopted it. These parties that have adopted the software successfully leverage data, which allows them to enhance their effectiveness and ensure that donor funds and taxpayer dollars are distributed to the most impactful programs. Joining forces with Microsoft Cloud is set to provide an even more significant boost for the company, which will likely result in even more organizations and clients adopting the software.
In 2023, SureImpact reported tremendous success with a 31% increase in subscription revenue on an annualized basis. This remarkable growth is a signal of robust proficiency and adaptiveness in the face of economic challenges. "We are thrilled with this steady growth, especially considering the tough environment for tech startups," Jones stated.
Additionally, Columbus-based Rev1 Ventures led a $2,000,000 seed round, providing notable capital for SureImpact and effectively conserving a strategic trajectory toward unparalleled profitability. The investment has begun to foster an even stronger company culture. However, one specific testament to such is its facilitation of the transition from contract employees to full-time software engineers.
The partnership between SureImpact and Microsoft Cloud for Nonprofit marks a considerable step in SureImpact's growth and technological advancement in nonprofit sectors. This move represents a highly imperative breakthrough in the use of technology to drive efficiency and impact the world of philanthropy.
