Sevetri Wilson, the founder and CEO of Resilia, is making waves once again.
Her SaaS platform for non-profits has closed a $35 million Series B funding round — making it the largest raise ever for a solo Black female-founded tech company. It also represents the largest VC raise of a female founder based out of Louisiana.
Launched in 2016, with the aim of “democratizing philanthropy” according to Wilson, Resilia started as a software solution to the expedition and incorporation processes for nonprofits in the US. Its services now encompass coaching, technical assistance, and capacity-building support.
Amongst Resilia’s client roster are Oxfam American, Goldman Sach’s One Million Black Women Initiative, the Robert Wood Johnson Foundation, and the United States Tennis Association Foundation. Geekz Ventures, a non-profit launched by UrbanGeekz founder Kunbi Tinuoye, is also a client of Resilia.
The Series B round was led by Atlanta-based Panoramic Ventures and Vancouver-based Framework Venture Partners. New investors include Goldman Sachs Asset Management Fund and amongst returning investors are the likes of Cultivation Capital and Mucker Capital, a company that prides itself in investing outside of Silicon Valley, and the largest investor in the company’s A Seed round. Southeast investment firms were a strong presence in this funding round.
MEET THE HARVARD GRAD HELPING BUSINESSES WITH HER SAAS NONPROFIT PLATFORM
Since the pandemic, Resilia has seen continual growth, with over 300% annual revenue growth, and net value growth of 150%. Resilia’s robust numbers allowed them to successfully receive several term sheets in the Series B process.
The latest funding is going to be set to scale Resilia’s technology platform and bring more North American organizations into its ecosystem. With its headquarters in New Orleans, Resilia is also looking to grow its offices in New York. With one foot already in the Canadian market, the company has existing Canadian clients, the Series B will see the company expand more fully internationally.
The daughter of a single mother and one of three siblings, Wilson attended Louisiana State University on a scholarship from the Bill and Melinda Gates Foundation. Her involvement with the foundation first opened her eyes to the possibilities of philanthropy. She later studied for a graduate degree at Harvard. Before Resilia, Wilson ran a consulting service for nonprofits. She then went on to launch Resilia to scale and productize those services using technology.