On January 13, 2022, GoFundMe, the trusted leader in online fundraising, announced it has signed a definitive agreement to acquire Classy, a leading modern nonprofit fundraising software company. The addition of Classy accelerates opportunities to service the nearly $500 billion U.S. philanthropic market as GoFundMe aims to be the most helpful place in the world. Wilson Sonsini Goodrich & Rosati is advising GoFundMe on the transaction.

The acquisition will create a global leader in modern giving across B2C and B2B, enhance donors’ ability to discover new causes and organizations to support by providing a personalized and expansive giving experience, and unlock new opportunities for nonprofits to reach broader audiences and further build relationships with current donors through the addition of new resources and paths for growth. The all-equity deal was signed on January 6, 2022 is expected to close in the first quarter of calendar year 2022, subject to receipt of regulatory approvals and other customary closing conditions.

The Wilson Sonsini team that advised GoFundMe on the transaction includes:

Mergers & Acquisitions
Michael Russell
Broderick Henry
Dennise Martinez
Sasha Bobrowicz

Corporate
Mark Baudler
Melissa Rick
Jocqueline Kaup

Technology Transactions
John McGaraghan
Caitlyn Bingaman

Antitrust
Jamillia Ferris
Kimberley Biagioli
Matthew McDonald

Data Privacy
Matthew Staples
Michael O’Brien
Daniel Chen

Delaware Law
Amy Simmerman
James Griffin-Stanco
Brian Currie

Tax
Jonathan Zhu
Nika Antonikova

Employee Benefits and Compensation
Jason Chan
Michael Klippert

Employment Law
Rebecca Stuart
Sarah Eller

Real Estate and Environmental
James McCann
Martin Sul

For more information, please see GoFundMe’s press release.