What is Submittable?
Submittable operates as a comprehensive cloud-based social impact platform, headquartered in Missoula, Montana. Founded in 2010, the company, formerly known as Submishmash, specializes in providing grant management and corporate social responsibility (CSR) software solutions. Its platform is designed to assist foundations, governments, and corporations worldwide in launching, managing, and measuring the effectiveness of their social impact initiatives. These initiatives encompass a wide range of programs, including grants, community investments, scholarships, fellowships, awards, relief funds, employee engagement, and volunteering efforts. Submittable's core functionality centralizes the collection and organization of submissions, offering customizable workflows that allow organizations to tailor review and decision-making processes. The platform also facilitates team collaboration through shared review panels, comments, and task assignments, thereby streamlining the administration of social good programs.
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 True Ventures, Next Frontier Capital, Flywheel Ventures, and Next Coast Ventures
Series C (2022): $47M backed by Next Coast Ventures, True Ventures, Next Frontier Capital, and Accel-KKR
Key Investors in Submittable
True Ventures
True Ventures is 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 and artificial intelligence-driven companies.
Next Coast Ventures
Next Coast Ventures is an Austin-based venture capital firm that partners with bold entrepreneurs building innovative companies in big markets. It provides early-stage capital to high-growth startups in 'Next Coast' markets, using macro trends and themes to guide its investment strategy.
Next Frontier Capital
Next Frontier Capital is a venture capital firm focused on investing in innovative sectors such as AI, climate tech, deep tech, B2B software, fintech, defense tech, and cybersecurity. They aim to support companies that are transforming industries and addressing complex global challenges.
What's next for Submittable?
The substantial enterprise-level funding and recent strategic investment signal a strong trajectory for Submittable. This capital infusion is likely to fuel further expansion of its platform capabilities, enhance its market reach, and support the development of new features aimed at optimizing social impact program management. As Submittable continues to grow, it is poised to solidify its position as a leader in the CSR and grant management software space, empowering more organizations to effectively deploy capital and resources towards positive societal change. The company's focus on data-driven insights and streamlined workflows positions it well to capitalize on the increasing demand for transparent and measurable social impact.
See full Submittable company page
