FundMiner

FundMiner sells software that consolidates fund data from the systems fundraising organizations already run — CRM, accounting, awarding platforms and endowment records — into a single fund management platform. The product is organized into modules: Fund Management (centralized fund financials, expenses, contributions, balances and encumbrances; real-time compliance monitoring; role-based dashboards; automatic flagging of underutilized funds; a document repository for agreements, reports and amendments; integrated calendars and automated distribution of expense forms and spending plans), Impact Reporting (narrative collection, personalized report building and delivery, open-rate and engagement tracking, reporting across historical periods), and Donor Portals (branded, secure donor logins showing real-time fund balances and transactions, positioned as a concierge channel for major donors and requiring the Manage module). Modules are sold standalone or as a package.

The company frames the problem as manual, siloed fund administration that leaves an estimated 20–40% of funds unspent and puts donor trust at risk, and cites that over 80% of donors expect proof of impact in exchange for continued support. FundMiner positions itself as complementary to, rather than a replacement for, incumbent systems including Blackbaud's Raiser's Edge, Oracle PeopleSoft, Workday and Salesforce. The company also publishes a free 15-question Fund Management Maturity Assessment, which it says has been taken by more than 350 organizations and which benchmarks an industry average score of 45.6 out of 100 against 70.3 for high performers.

Founding story

Chelsea Lamego entered the nonprofit sector as Executive Director of El Paso Opera before returning to her alma mater, the University of Texas at El Paso, to oversee its advancement operation. Over five years at UTEP she encountered hundreds of fund managers overseeing thousands of restricted funds with data scattered across five siloed, unintegrated systems, and built an internal solution that became the first version of FundMiner. After learning that other institutional fundraising organizations faced the same problems, she decided to commercialize it and recruited Alejandro Stevenson-Duran — a UT Austin Electrical and Computer Engineering graduate who specialized in machine learning and data science and had worked as a Senior Product Manager in Microsoft's Substrate Intelligence division (Smart Reply, M365 Copilot, Viva Topics, and the team behind what became Microsoft Teams) and as a Technical Product Manager at Meta on Android News Feed performance — as co-founder and Chief Product and Technology Officer.

Business model

B2B SaaS sold to fundraising organizations, with the platform offered as individual modules (Fund Management, Impact Reporting, Donor Portals) or as a complete package; the Donor Portals module requires the Fund Management module.

Software subscription sold to institutional fundraising organizations, with modular packaging.

Traction

Reported customer outcomes include a 20% increase in UTEP's overall fund utilization rate since adopting FundMiner, roughly 700 hours saved at UT Permian Basin on designing and delivering impact reports, and 99% donor coverage across reportable funds at Fort Lewis College. The maturity assessment has been taken by more than 350 organizations. The company oversubscribed a 2024 raise, seeking $1.7 million and closing $2.5 million.

Latest developments

Recent company announcements cover an Impact Reporting V2 release, a shared services partnership with Donor Relations Group, a partnership with Almabase for donor engagement and tracking, and recognition with the 2025 Blackbaud Partner Marketplace Growth Award. The company is hiring for a Customer Success Lead.