Ren Secures Strategic Growth Investment Led by Bain Capital Tech Opportunities

Ren, a trusted technology partner in the financial industry, has received a strategic growth investment from Bain Capital Tech Opportunities and Valeas Capital Partners. This investment will allow Ren to fund new product features, scale its team, increase awareness of donor-advised funds (DAFs), and expand its charity network. With the growing popularity of DAFs as a mechanism for charitable giving, this investment comes at a crucial time for Ren.

DAFs have become the fastest-growing method of charitable contributions in the United States. In just four years, DAFs have gone from representing 7% of annual charitable contributions to 15%, amounting to over $234 billion in Assets Under Administration. Ren recognizes the potential for growth in this sector and aims to capitalize on it.

Ren is headquartered in Indianapolis and serves as the leading independent partner for powering national DAF programs at major financial and nonprofit institutions. With over five decades of philanthropic expertise, Ren serves more than 200 customers and has built a network of over 140,000 charities. The company's mission is to facilitate philanthropic giving and provide a best-in-class technology platform for its customers.

Joe Fisher, President and CEO at Ren, emphasizes the significance of this investment for Ren's growth and the philanthropic economy as a whole. He highlights the opportunity to enhance Ren's platform and remain the most trusted partner in the industry. Fisher expresses excitement about the partnership with Bain Capital Tech Opportunities and Valeas, as they bring deep experience in vertical software and wealth-tech, along with the necessary resources for Ren's growth.

Investors are equally enthusiastic about their partnership with Ren. Scott Kirk, a Partner at Bain Capital Tech Opportunities, recognizes the exceptional efficiency and potential of Ren's business model. Donor-advised fund programs that leverage Ren's technology have experienced impressive growth rates, outpacing the industry average. David Shaughnessy, a Principal at Bain Capital Tech Opportunities, acknowledges Ren's impact within the philanthropic space.

The financial advisory firm, Raymond James, acted as the exclusive financial advisor to Ren during this transaction. This partnership with Bain Capital Tech Opportunities and Valeas Capital Partners opens up new opportunities for Ren's growth and expansion in the philanthropic sector.

Ren has a strong track record in charitable giving. Since its inception, the company has processed over 10 million grants, totaling more than $167 billion contributed to nonprofits globally. Ren's commitment to trust, security, compliance, and transparency is evident in its SOC 2 Type 1 certification.

About Bain Capital Tech Opportunities:

Bain Capital Tech Opportunities aims to support the growth of technology companies and help them reach their full potential. The firm focuses on companies with innovative or disruptive technology in large, growing markets. The team at Bain Capital Tech Opportunities has extensive experience in supporting technology businesses and invests in fundamental long-term tailwinds across various industries.

About Valeas Capital Partners:

Valeas Capital Partners is a San Francisco-based private equity firm that partners with industry-leading founders and CEOs in growth-buyout partnerships. The firm focuses on tech-enabled businesses in sectors such as healthcare, financial services, and data & technology. With a team experienced in both investing and operating, Valeas collaborates closely with portfolio company management teams to create sustainable market leaders and value for investors.

In conclusion, Ren's strategic growth investment led by Bain Capital Tech Opportunities and Valeas Capital Partners positions the company for further success in the philanthropic economy. With the increasing popularity of donor-advised funds, Ren's technology platform is poised to play a crucial role in facilitating charitable giving. This investment will support Ren's expansion, product development, and charity network, ensuring that it remains at the forefront of the industry.