Neighborly Software, a leading provider of an end-to-end SaaS platform that manages enrollment, administration, and reporting for government-funded programs, announces significant growth investment from Falfurrias Management Partners, a Charlotte-based growth-oriented investment firm I did. Middle market business.
This funding will enable further investment in our existing platform, new technology, enhanced products, geographic expansion, and sales and marketing to accelerate Neighborly Software’s continued growth.
Since 2016, Neighborly Software has served more than 400 customers, including city and state governments, housing authorities, and nonprofit organizations. Additionally, the company’s platform is purpose-built by industry experts to specifically address the complexities involved in managing government-funded programs such as housing, economic, community development, disaster recovery/mitigation, home energy rebate programs, and housing choice vouchers. It has become mission-critical to the workflow. program.
The company’s platform features a wide range of modules that provide a full-stack solution covering functions such as grant/application management, case management, loan management, construction, asset monitoring, and reporting. Neighborly Software builds long-term relationships by creating products that evolve over time to continue to adapt to customer needs and serve as the backbone for ensuring compliance, efficiency, and effectiveness of government-funded programs. I’ve built it. To date, the platform has managed approximately $13 billion in grants, 7.2 million applications, and 1,500 unique project expenditures.
Co-founder and president Jason Rusnak and co-founder and chief operating officer Chris Boehm will continue to lead the company. And the capital for this investment comes from Falfurrias Growth Partners I, a growth fund strategy that Falfurrias launched in 2023 and builds on the firm’s experience in software and municipal technology.
Morris, Manning & Martin and Dearth Law provided legal advice to Neighborly Software, and Software Equity Group (SEG) acted as exclusive advisor to Neighborly Software. Holland & Knight served as legal advisor to Falfurrias.
Main quotation:
“Neighborly Software is revolutionizing the funding landscape with a modern approach to government-funded program management.
-Jason Rusnak
“We look forward to this next phase of growth and to delivering even more value to existing customers, supporting more government-funded programs, and investing further in product development to help Neighborly Software have an even greater impact on our communities.” “I’m excited about the opportunity to give it to you.”
-Chris Boehm
“We identified Neighborly Software through an industry-first study that examined long-term growth trends in the municipal technology sector and Neighborly Software’s innovative approach to the market. Our resources and operational expertise We are excited to combine their domain knowledge, passion for community support, and differentiated solutions to support Neighborly Software in this next phase of its growth.”
-Michael Clifton and Amy Brandt, Falfurrias Partners
