Instrumentl raises $55M in funding led by Summit Partners to enhance its AI capabilities and expand U.S. customer acquisition for its grant solution platform.
Apr 23, 2025•5 months ago
Amount Raised
$55 Million
San FranciscoSaasArtificial IntelligenceSoftwareInvestors
Summit Partners
Description
Instrumentl, an Oakland-based provider of a full-lifecycle grant solution, raised $55M in funding. The round was led by Summit Partners. The company plans to use the funds to enhance its AI capabilities and scale customer acquisition. Instrumentl serves over 4,500 customers, including nonprofits and universities.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech