TechSoup, the leading nonprofit facilitator of technology solutions to non-governmental organizations (NGOs) globally, announced that it has secured a $4-million loan from Nonprofit Finance Fund (NFF) to support expansion of its global distribution network bringing software, hardware, services, and content to civil society organizations.
The NFF loan will help TechSoup scale its core programs, specifically supporting late-stage research and development, product-testing, piloting, and expansion. This is the second time NFF has invested in TechSoup: In 2004, TechSoup established a line of credit with NFF to scale its then-two-year-old NGO Tech Marketplace, moving the organization from a local to a national level. Double-digit growth of customers and revenue helped TechSoup pay back those funds ahead of schedule.
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