What is Submittable?
Headquartered in Missoula, Montana, Submittable operates a sophisticated cloud-based platform designed to streamline the lifecycle of social impact programs. Originally established in 2010 as Submishmash, the company has evolved into a comprehensive software-as-a-service provider that enables organizations to manage grants, scholarships, fellowships, and employee engagement initiatives with precision. By centralizing submission collection and providing customizable review workflows, Submittable addresses the operational inefficiencies inherent in large-scale philanthropic and community investment efforts. Its market position is defined by its ability to facilitate collaboration across diverse stakeholder groups, ensuring that impact measurement is both transparent and data-driven.
How much funding has Submittable raised?
Submittable has raised a total of $62.9M across 5 funding rounds:
Unspecified
$750K
Grant
$100K
Series A
$5M
Series B
$10M
Series C
$47M
Unspecified (2012): $750K with participation from Good Works Ventures, Y Combinator, and Flywheel Ventures
Grant (2014): $100K led by state of Montana
Series A (2017): $5M supported by True Ventures
Series B (2019): $10M featuring Flywheel Ventures, Next Frontier Capital, True Ventures, and Next Coast Ventures
Series C (2022): $47M backed by True Ventures, Next Coast Ventures, Next Frontier Capital, and Accel-KKR
Key Investors in Submittable
True Ventures
A founder-first venture capital firm that partners with creative teams at the earliest stages, providing capital, guidance, and a strong community to help build enduring technology companies.
Next Frontier Capital
A venture capital firm focused on investing in innovative sectors such as B2B software and fintech, aiming to support companies that are transforming industries and addressing complex global challenges.
Accel-KKR
A technology-focused investment firm specializing in software and tech-enabled businesses, providing a broad range of capital solutions to middle-market companies positioned for significant growth.
What's next for Submittable?
The recent strategic investment signals a new phase of expansion for Submittable as it seeks to deepen its penetration into the enterprise market. By leveraging this capital, the company is well-positioned to enhance its product suite, potentially integrating advanced analytics and automated compliance features to meet the evolving needs of its global client base. As the demand for robust CSR and ESG reporting continues to rise, Submittable is expected to focus on scaling its infrastructure to support larger, more complex organizational structures, thereby solidifying its status as the industry standard for social impact management.
See full Submittable company page
