Neighborly Software, an Atlanta, GA-based provider of a SaaS platform that manages the enrollment, administration, and reporting of government-funded programs, has secured a growth investment from Falfurrias Management Partners.
Investor
Falfurrias Management Partners is an operationally focused middle-market investment firm that specializes in high-growth companies in the software and business services sectors. The firm has raised $2.2 billion across six funds and focuses on industries where its operational resources, relationships, and expertise can support the growth of portfolio companies.
Neighborly Software Use of Funds
This company will use the funding to accelerate its platform development, geographic expansion, and sales initiatives.
About Neighborly Software
Founded in 2016, Neighborly Software is a cloud-based platform that facilitates the administration and disbursement of government funds for programs including Housing, Economic and Community Development, Disaster Recovery, Home Energy Rebates, and Housing Choice Vouchers. With a mission of "Helping Communities, Help People," the company supports over 400 clients, including governments and non-profits. Its platform has managed the disbursement of over $12.8 billion in grants, 7.2 million applications, and 1,500 unique projects.
Funding Details
Company: Neighborly Software
Raised: Undisclosed
Round: Growth Round
Funding Date: October 2024
Investor: Falfurrias Management Partners
Company Website: https://www.neighborlysoftware.com/
Software Category: Government Program Management
Source: https://www.prnewswire.com/news-releases/falfurrias-management-partners-makes-growth-investment-in-neighborly-software-302276414.html