Sevetri Wilson is a 2010 recipient of the Nobel Prize for Public Service, the Jefferson Award, and her work was featured in the U.S. Senate report to the White House on Volunteerism in the U.S.

Sevetri founded Resilia in 2016 to revolutionize how nonprofits are created and maintained, and how enterprises (think cities, private foundations, and corporations) scale impact. She has raised over $10M for Resilia to date. She is also the Founder of Solid Ground Innovations, LLC, her first company, a strategic communications agency, and the author of Solid Ground: How I Built a 7 Figure company at 22 with Zero Capital. 

In 2019, Resilia was named to Venture Beat’s Top Startups to Watch Out For in 2019 Outside of Silicon Valley and Sevetri to Inc. Magazine’s 100 Female Founders Building World Changing Companies and to PitchBook’s 27 Leading Black Founders and Investor list.

Through her experience working in the nonprofit and public sector, Sevetri saw a huge disconnect between how nonprofits are funded and the organizations that fund them, alongside a large volume of capital that is poorly managed.

There are approximately 1.8 million nonprofit organizations in the US, the majority of which, according to Resilia, lacks the capacity to retain talent and build capacity. In addition, the lack of a dedicated reporting system for nonprofits means hectic, manual scrambles every end-of-fiscal year, and hence a problem with diminished capacity to operate and fundraise for the following yeras.

For 86,000 funders (e.g., grants, foundations), these institutions lack the ability to reach nonprofits and deploy capital. According to Resilia, funders reach only about 20% of nonprofits, leaving many under-funded, especially those with the least access to capital. Even when they reach these nonprofits, there often lacks a standard process for nonprofit investing, and this lack of standardization introduces inefficiency and human errors that are detrimental down the road. 

Most importantly, funders do not have a good way of measuring and tracking the impact that their dollars have generated, while nonprofits may struggle to know how to report such impacts. Both sides may resort to expensive hires/consultancies as a stop-gap solution to the problem. This, according to Resilia, however, is not a viable solution in the long run.

Resilia provides a full-stack platform that serves both sides of the market: nonprofits and their funders. The product is designed to support stakeholders throughout their entire business lifecycles and thus increase life time value (LTV) per account.

For funders

Resilia helps funders build grantee capacity and scale impact. The capacities provided include:

• On-demand capacity support
• Supporting 100s of nonprofits in parallel
• Tracking of impact metrics
• Easy creation of impact stories
• Real-time analytics on grant investments

For nonprofits

Resilia provides nonprofits with a variety of tools that streamline and organize their workflows, including:

• Fundraising
• Board management
• Legal compliance
• Program management
• Organizational design
• Community engagement

Reported by the Company

Resilia is currently supporting 70+ enterprise accounts, including Goldman Sachs, Patagonia, and the Michigan government, with each contract averaging ~$70k in annual contract value, amounting to $5.4M in annual recurring revenue (ARR) in 2021.

Estimates provided by the Company

On the nonprofit side, Resilia is currently working with 9000+ nonprofits, 5000+ of which are paid subscribers, each averaging $109 per monthly contract. This adds another $4.2M to Resilia's 2021 ARR.

Estimates provided by the Company

With 0% churn rate (100% customer retention), Resilia is able to more reliably project their revenue growth and plan for expansion. The Company plans to expand their capacities in the coming months to serve government clients as well, further expanding their market, using their existing experience with the State of Michigan as a launchpad.

Resilia projects a huge market, largely underserved, for the services they are providing. Resilia estimates there to be 260k+ funders globally, 86k+ of them in the US, which an average customer value per year of $60k+. On the other side of the market, there are estimatedly 10M nonprofits worldwide, 1.8M+ of which are in the US and are immediate targets for the Company.

All together, Resilia is looking at a $5.35B total addressable market, just in the US alone.

Resilia counts Blackbaud, UpMetrics, Causely, and Benevity among their competitors. The Company boasts a streamlined front-office and back-office user experience, affordability, along with the expertise and US-based network of its founder and team among the competitive advantages.

Resilia plans to allocate their funding from this round accordingly:

• 48%: Customer acquisition and go-to-market
• 27%: Research and development
• 17%: Team & back-office overhead
• 8%: Growth capital

Resilia's projected path to $100M is as below:

The Company raised a $1.9M Seed Round in 2018 ($8.5M valuation), a $8.9M Series A Round in 2020 ($35M valuation). It is raising a $45M Series B Round, led by Insight Partners. Notable existing investors from previous rounds include Mucker Capital, Cultivation Capital, and JumpFund.

Resilia brings together expertise from a star founder and seasoned operators:

In addition to the carried interest Republic Deal Room Advisor LLC is entitled to for the syndicated investments it organizes, certain principals of Republic Deal Room Advisor LLC may have a personal interests in these investments, as disclosed below. When making an investment decision please review any applicable disclosures as they represent pre-existing financial interests held by those principals of Republic Deal Room Advisor LLC.

We do not represent that the information contained herein is accurate or complete, and it should not be relied upon as such. Opinions expressed herein are subject to change without notice. Certain information contained herein (including any forward-looking statements and economic and market information) has been obtained from and/or prepared by the Company or other third-party sources and in certain cases has not been updated through the date hereof. While such sources are believed to be reliable, Republic Deal Room Advisor LLC does not assume any responsibility for the accuracy or completeness of such information. Republic Deal Room Advisor LLC does not undertake any obligation to update the information contained herein as of any future date.