Avenue Growth Partners Closes $7M Series A Financing of Temelio

Gunderson Dettmer represented client Avenue Growth Partners in a $7 million Series A financing of Temelio, a grant management software company that enables foundations to easily distribute, manage and track the impact of their funds. The company will use its new capital to accelerate product innovation, grow its client support team, and help enhance tools to better serve grantmakers and grant seekers.

In the announcement of the transaction, Temelio said in a statement, “Avenue Growth Partners brings valuable expertise in scaling mission-driven technology companies, making them the ideal partner as we enter this next phase of growth. We’re especially excited to work with them because of their strong alignment with our values, their thoughtful approach to supporting businesses, and their extensive experience with early-stage technology companies. Together, we share a vision of transforming a sector long overlooked by modern technology.”

The Gunderson deal team was led by Zach Crowe and included Jordana Tonkiss.

Companies
Avenue Growth Partners
Temelio