AssoConnect is a French startup that is developing a software-as-a-service application to provide you with all the devices you need to maintain your nonprofit organization (association in French).
The company just allocated a $7.7 million (€7 million) financing round with XAnge and ISAI managing the series.
Several business angels, like Nicolas Macquin, Rodolphe Carle, Michaël Benabou, Thibaud Elzière and Phil Tesler are also partaking in this current funding round.
The Story of AssoConnect
Various nonprofit organizations utilize tools and services that are not indeed intended for this type of organization.
Some handle members in an Excel spreadsheet, spend a ton of time with accounting duties and drop money on the table by getting it hard to receive contributions and memberships.
AssoConnect joins many services in its web interface.
Firstly, it allows you to centralize data about your members in a separate database.
It appears as a light CRM, and you can build multiple groups of members depending on what thier role in the organization.
Second, AssoConnect manages memberships and contributions directly.
You can design a form that communicates straight with your database to assist new users to join your organization.
You further can build a donation module that can automatically create tax forms.
And you can design an online store if you are marketing goods.
If you do not have a website now, you can utilize AssoConnect’s template-based website developer.
You additionally can plan events and email your members from AssoConnect using Mailgun.
Eventually, the startup attempts to create detailed accounting reports based on contributions, membership charges, ticket purchases, etc.
That is why it makes sense to organize everything through AssoConnect.
Why AssoConnect Is Extremely Useful
The service gives a free tier for associations with 30 members or less.
But you will have to spend a monthly subscription fee if you have more significant needs.
It is a difficult sell, given that nonprofit foundations normally don’t have a lot of money to waste on tools and services.
Even then, the company has succeeded to convince 10,000 French institutions to shift to AssoConnect so far.
Coming up next, AssoConnect desires to employ 80 people in 2020 and start its service in the U.S.
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