December 18, 2017
ATLANTA--(BUSINESS WIRE)--MemberSuite, Inc., a leading provider of association management software, has secured $5.5 million in funding from its current investors, the company announced today. MemberSuite will use the latest investment to enhance its customer experience and advance product innovation.
Since taking the CEO role 60 days ago, Natalie Cheney has worked with the Board of Directors, employees, customers and partners to create a plan to focus on elevating the customer experience and accelerating research and development projects. The funding will support these efforts.
All major previous investors participated in the round including: Revolution LLC, Fidelis Partners, Angel Investment Management, Accomplice Partners, and Alerion Ventures.
“The MemberSuite leadership, Board and employees are all laser focused on providing associations the insights they need to better engage with members and improve retention,” said Natalie Cheney, MemberSuite CEO. “This investment will help us continue our efforts to get innovative and deliver affordable solutions to customers faster.”
The funding also will support additional hires in Research and Development, customer implementation and success.
MemberSuite significantly increased its revenue from last year, while expanding to serve more than 3 million members. Earlier this year, MemberSuite, also landed on the Inc. 5000 Fastest-Growing Private Companies in America list. It was MemberSuite’s second year on the prestigious list.
MemberSuite is the premier software and services provider of association management software (AMS) solutions for associations and nonprofit organizations of all sizes. MemberSuite harnesses the power of the cloud to deliver enterprise systems that enables modern organizations to accomplish every activity they need to serve their constituents at an affordable price. With dozens of modules, a fully-customizable platform and a dedicated professional services team, MemberSuite is changing the way modern associations do business. For more information, visit www.MemberSuite.com.