Serial female entrepreneur Sevetri Wilson just passed some very notable milestones with the recent Series A round for the enterprise software company she founded in 2016. The raise for Resilia is one of the largest Series A rounds of an enterprise software company headed by an African American female founder and it is the highest venture capital raise by a female-founded tech company in the state of Louisiana.
The $8 million raise will support Resilia’s two-sided market that enables grantors such as cities, private foundations, and corporations to deploy capital quickly and efficiently, while providing important tools to nonprofits for compliance, management, training, and funding.
The funding round was led by Mucker Capital and Callais Capital Management with participation by Cultivation Capital. Resilia caught their eye early that led to the investment.
“We spotted Resilia early-on, and have been impressed with Sevetri’s leadership and her team’s ability to identify market needs, move quickly, and expand their products to serve the complex needs of grantors and grantees,” said William Hsu, co-founder and partner at Mucker Capital who also joined Resilia’s board.
Resilia has over 2,800+ customers, ranging from small to mid-sized nonprofits, government offices, private foundations, and corporations that includes Oxfam America, Kellogg, and The United Way. Leading up to the Series A was a $400K pre-seed and $2M seed capital which included investors like Kevin Lin (formerly of Twitch) and Tim Millikin (partner at TPG Capital), Newark Venture Partners, New Orleans StartupFund and others. Follow on investors include Next Wave Ventures, Engage, and The JumpFund.
