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News & Updates - Wednesday, September 27, 2006

OR's AuctionPay Raises $5.5M To Power Charity Auctions

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Auctionpay out of Portland, OR raised $5.5M in Series B funding from Appian Ventures and return backer Maveron. The start-up is on a tear - it has processed $400M on behalf of schools and non-profits to date. From 2003 to 2005 it grew revenues 346.27%.

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AuctionPay looks like it has everything that a charity or school would need to run a fund-raiser, from the donor relationship management system, to financials to forms used for direct mailing and thank you letters.

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