Cambridge-based fundraising software maker, FrontStream, was acquired by Los Angeles-based investment firm, Marlin Equity Partners.
The undisclosed investment will enable FrontStream to advance its platform and deliver additional services to its customers.
FrontStream counts more than 200 employees in Canada, Australia, and the U.S. and its last funding round dates back to 2008; A $16 million Series A round raised a little over a year after the company was founded, according to Crunchbase.
FrontStream said it currently has more than 10,000 nonprofit and corporate customers using its flagship fundraising platform, which helps manage donors, auctions, special events, peer-to-peer and online fundraising, among other things.
"With Marlin as our partner, we will have additional resources to execute our strategy and accelerate growth and innovation; ultimately making it easier and more gratifying for people to support the causes they care about," Bill Wood, FrontStream's president and CEO, said in a statement.
Marlin Equity Partners has over $6.7 billion of capital under management.
