Minnesota SaaS Startup Boosts University Fundraising by the Millions – Local Startup Spotlight #18: Reeher
Reeher is a software service designed to help universities improve their fundraising efforts. At its core, Reeher’s proven predictive modeling process will forecast the likelihood that a potential constituent will donate and it can projects the dollar amount of the gift. As an extension, the technology functions as a marketing platform to strategically target prospective alumni and gift officers.
Whether for recurring annual campaigns or single instance major donations, the Reeher value proposition is simple and constant: raise more funds and spend less doing it. At a time when colleges and universities across the country are taking long hard looks at systemic cost cutting, Reeher is uniquely positioned to capitalize on a massive opportunity. The initial results are impressive; in one instance, Reeher’s customer increased their fundraising income over 500% within 24 months. In another example, a public research facility attributed 15% of their annual raise (80mm-100mm) to the adoption of Reeher.