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Posted: 2018-12-28 14:15:42

TechSoup, a leading nonprofit facilitator of technology solutions to non-governmental organizations (NGOs) globally, has secured a $4-million loan from Nonprofit Finance Fund (NFF) to support expansion of its global distribution network to bring software, hardware, services, and content to civil society organizations.

The organization is also launching a Direct Public Offering (DPO) where investors can inject as little as $50 into the DPO. It is the first time the Securities and Exchange Commission (SEC) has qualified a nonprofit to raise funds nationally through a Regulation A+ / Tier 2 offering.

This is the second time NFF has invested in the San Francisco, Calif.-based TechSoup. The nonprofit established a line of credit with NFF in 2004 to scale its then-two-year-old NGO Tech Marketplace, moving the organization from a local to a national level. Double-digit growth of customers and revenue helped TechSoup pay back those funds ahead of schedule.

TechSoup connected more than 1 million nonprofits worldwide during 2017, distributing $1.995 billion in donated and discounted technology, knowledge, and other critical resources, according to the organization. The NFF loan will help TechSoup scale its core programs, specifically supporting late-stage research and development, product-testing, piloting, and expansion.

“We are proud to continue to partner with TechSoup as they increase access to much needed technology across the US and global social sectors,” Norah McVeigh, managing director of financing at NFF said via a statement.

“We are grateful for NFF’s support of the next-generation NGO Tech Marketplace and our growing Global Data and Validation Services initiatives,” said TechSoup CEO Rebecca Masisak via a statement. “In an increasingly digital world powered by ‘services first, cloud first’ approaches and threatened by security and data privacy concerns, digital strategies are even more critical for the estimated 12 million NGOs. And TechSoup’s ‘Common Data Model’

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