Metamorph, ABS Capital Acquire Grant Platform Fluxx for Undisclosed Terms

Grantmaking management technology platform Fluxx is being acquired for undisclosed terms by a syndicate led by private equity firm Metamorph Partners and co-investor growth equity company ABS Capital Partners, according to a press release on Wednesday (Oct. 20).

Fluxx specializes in collaborative grantmaking for private and public networks and strives to boost its impact in communities around the world. Metamorph is a private equity firm that specializes in B2B SaaS businesses; ABS Capital is a growth equity firm targeting tech-enabled services businesses.

Metamorph Managing Partner Bob Tinker said that the acquisition of Fluxx will complement its own expertise to drive the next leg of its growth journey around the globe.

“Fluxx has long been the leader in cloud-based grants management software. Their vision and execution around data-driven decisions, as well as their strong product, industry expertise and loyal customer base, makes Fluxx a true differentiator in the market,” Tinker said.

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The MacArthur Foundation and the Ford Foundation are among the 10 of top 20 foundations that Fluxx serves. It also extends grants to more than 300 U.S. non-profit and government institutions.

Kristy Gannon took the helm at Flux as CEO last year but previously served the company as vice president of product in 2012 and later, chief operating officer. The acquisition puts her on the company’s board of directors, joining ABS Capital General Partner Paul Mariani, and Tinker, who was named executive chair. Former Fluxx CEO Madeline Duva also retains a seat as a director on the board, according to the release.

Mariani said that Fluxx has an indispensable value proposition not only for foundations but also for other organizations in the business of extending grants.

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