What is Submittable?
Founded in 2010 and formerly known as Submishmash, Submittable is headquartered in Missoula, Montana. The company specializes in providing comprehensive grant management and corporate social responsibility (CSR) software solutions. Its platform is designed to help organizations effectively launch, manage, and measure the impact of their social initiatives, including grants, community investments, scholarships, fellowships, awards, relief funds, employee engagement, and volunteering programs. Submittable centralizes the collection and organization of submissions, offering customizable workflows that streamline review and decision-making processes while fostering team collaboration through shared review panels and task assignments. The company operates within the rapidly expanding market for technology solutions that enable impactful social and corporate responsibility efforts.
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 Y Combinator, Flywheel Ventures, and Good Works Ventures
Grant (2014): $100K led by state of Montana
Series A (2017): $5M supported by True Ventures
Series B (2019): $10M featuring Next Coast Ventures, Next Frontier Capital, Flywheel Ventures, and True Ventures
Series C (2022): $47M backed by Next Coast Ventures, Next Frontier Capital, Accel-KKR, and True Ventures
Key Investors in Submittable
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.
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.
What's next for Submittable?
The recent major strategic investment in Submittable signals a strong validation of its business model and its potential for future expansion. With a focus on enterprise-level funding, the company is well-positioned to scale its operations, enhance its technological capabilities, and broaden its market reach. This capital infusion will likely support further development of its social impact management tools, enabling more organizations to effectively deploy and track their philanthropic and CSR initiatives. Submittable's trajectory suggests a continued emphasis on innovation within the social impact technology space, aiming to become an indispensable partner for organizations committed to positive global change.
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