Friday, September 23, 2011

EverTrue boosts funding round to $1.3M

By Rodney Brown

EverTrue LLC of Cambridge has bumped up the funding it mentioned June from $750,000 of a planned $1 million to nearly all of a $1.3 million financing, according to federal documents.

In a roundup of companies in this year’s TechStars Boston program that got funding, EverTrue in June noted the $750,000 amount. At the time, the only investor identified was Walt Doyle, CEO of Where Inc. The new filing with the U.S. Securities And Exchange Commission shows that there are a total of 28 backers in the funding round, although nobody except CEO and founder Brent Grinna is identified as a related person.

EverTrue was chosen in August by UK Trade & Investment, the Cambridge-based organization tasked with helping tech companies work with and in Britain, as one of three winners of its new business competition “Go for Gold UK,” which is sending the companies to the UK to meet with a raft of people and businesses in their respective industries.

Founded in 2010, EverTrue supports the development offices at fundraising organizations including colleges, foundations, hospitals and other non-profit organizations. The company – which already counts among its clients Brown University, Cornell University, Phillips Andover Academy and Middlesex School – was listed as a “Five you Should Follow” company in June of 2010.