VCs aren’t paying attention to nonprofit tech. They should be.

The odds were stacked against Sevetri Wilson when she set out to raise funding for her startup Resilia. She was living more than 2,000 miles away from Silicon Valley in New Orleans. As a Black woman, she’s part of a demographic that’s consistently underfunded.

And there was another obstacle in her way: Wilson’s target customers for Resilia’s software were nonprofits, a category that sent VCs running. Most investors, she said, had the mindset of: “Nonprofits? We don’t want to fund anything in that sector.”

But recently, that’s begun to change. In 2020, Wilson raised $8 million from Cultivation Capital and others. She’s since also raised funding from SoftBank, tripled the size of her startup and is now serving organizations including Oxfam America and the Silicon Valley Community Foundation.

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