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Raised follow-onNonprofit financeBacked 2022

FlareFS

Founded by Vernon Gair

Accounting and finance software built for nonprofits, covering bank accounts, bill pay, cards, expenses and fundraising in one place.

What they do

A nonprofit's money arrives with strings on it, and general accounting tools handle that badly. FlareFS automates fund accounting, so a dollar restricted to a program can be traced to that program without a spreadsheet alongside.

Who it's for

Nonprofits and political campaigns. Finance teams, executive directors, fundraisers and program managers.

What's different

It's built for restricted funds rather than adapted to them. Pricing is published, from $500 a month for monthly financials up to $5,000 a month for an outsourced CFO.


What they've done, with sources

We don't have a milestone we can source and date for this company yet. When there is one, it goes here.

Back a founder

Every Fifth Star company gets the same $25,000 check.

Contributions go into the fund that writes them. If FlareFS exits one day, our share comes back to the fund and goes out again, which is what makes us an evergreen fund.

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