.png)
Miami, FL – Friday, January 31, 2025 – Crowded, a mission-driven banking platform designed to simplify financial management for nonprofit organizations, has announced today its successful Series A funding round, raising $7.5 million and bringing its total funding to $13.5 million to date.
The round was led by Flashpoint, a $500m transatlantic VC that counts Guesty, Chili Piper, and Mesh Payments among its portfolio companies, with participation from the Florida Opportunity Fund, Wilson’s Bird Capital, led by Efi Shema, as well as follow-on investments from existing investors Sarona Ventures and The Garage.
Crowded currently serves over 35 institutional customers, including renowned organizations such as Harvard Athletics, Pi Kappa Alpha Fraternity, and leading councils of Girl Scouts of the USA. By digitizing financial management and eliminating manual processes, Crowded enables nonprofits to redirect their focus from administrative tasks to their core mission-driven work. Crowded’s robust platform provides nonprofits with tailored multi-chapter banking, payment processing, expense management, and AI-powered tax filing services, empowering organizations with tools for financial oversight and compliance.
With over 30 employees and growing, Crowded is expanding its Sales and Marketing team which is based in its Miami headquarters, while maintaining its Tel Aviv-based R&D team: “This funding will allow us to expand our payment processing, nonprofit compliance, and taxation products, and reach new nonprofit organizations and markets,” said Daniel Grunstein, Co-Founder and CEO of Crowded.
The lead investor, Flashpoint, emphasized the potential of Crowded’s mission-driven approach: “Crowded is dedicated to helping nonprofits focus on their mission rather than their balance sheets,” said Noam Wolf at Flashpoint. “We are proud to support their growth and look forward to seeing them empower more organizations to do good.”
About Crowded
Crowded is an all-in-one financial management platform for nonprofits, offering 100% online multi-chapter nonprofit banking, built-in payment processing, transparent spending tools, and AI-powered tax filing and compliance. With Crowded, nonprofit finances are managed remotely and efficiently, saving time on reporting, reimbursements, and officer handovers. Founded in 2021 and headquartered in Miami, Florida with offices in Tel Aviv, Israel, Crowded serves a diverse range of nonprofit sectors, including membership groups and charitable and religious institutions, helping them achieve financial clarity, transparency, and sustainability.
Learn more at bankingcrowded.com.
About Flashpoint
Flashpoint is an international tech investment manager with over $500 million assets under management (AUM), focusing on U.S. and Western European tech companies originating from Europe and Israel. The firm manages seven venture funds across three key products: Venture Capital, Venture Debt, and Direct Secondary. Headquartered in London, Flashpoint also has offices in New York, and Tel Aviv.
Investors in Flashpoint’s funds include Széchenyi Funds, a Hungarian fund manager, and more than 180 major family offices and high-net-worth individuals (HNWIs). The funds have invested in 79 companies, including Guesty, Chili Piper, and Office RnD. Flashpoint has completed 23 successful exits, including notable sales of stakes in Shazam (to Apple), Chess.com (to PokerStars founders and General Atlantic), Marketman (to PSG), and Gurushots (to Zedge), Comeet (to Boathouse Capital), and Office RnD (to Blue Star Innovation Partners).
Published by Business Insider
