Wakefield, MA – November 19, 2019 – 424 Capital’s portfolio company Allegiance Fundraising Group announced today that it has completed the acquisition of Beaconfire RED, of Arlington VA, a digital marketing agency serving US non-profit organizations. The combination of the companies will expand Allegiance’s offerings to include a comprehensive suite of digital fundraising and advocacy solutions, including digital strategy, social media, digital media, UX and visual design, and web and mobile development.

“The acquisition of Beaconfire RED positions Allegiance Fundraising Group as an industry leader in digital fundraising with one of the larger digital teams in the industry” said Allegiance Chairman Walter Beinecke. “We have known the Beaconfire team for many years and continue to be impressed by the Company’s award-winning creative design and range of innovative digital marketing solutions.

“We are excited to offer Beaconfire RED’s digital expertise to the Allegiance community. The Beaconfire team brings expertise in creative design, user experience, content strategy, web solutions and applications, and multi-channel fundraising and marketing campaigns bolstered by smart web analytics,” said Rich Aukland, CEO of Allegiance Fundraising.“ Non-profit organizations look to Allegiance for guidance on all areas of fundraising from strategy to donor loyalty, and the combination with Beaconfire Red expands our capabilities in critical digital channels.”

About Allegiance Fundraising
Allegiance Fundraising Group is a platform that provides a full portfolio of fundraising software and solutions for small and medium non‐profit organizations in the US, helping them raise awareness and raise the funds they need to complete their missions. Allegiance provides fundraising products and services including direct-response fundraising, CRM and donor management software, donor loyalty services, crowdfunding and peer-to-peer fundraising, and now through Beaconfire Red an enhanced set of digital fundraising and advocacy solutions. The company has offices in Portsmouth, NH, Sarasota, FL, Plymouth, MA, Fargo, ND and Arlington, VA. For more information on Allegiance Fundraising please see www.allegiancefundraising.com/.

About Beaconfire Red
Beaconfire Red, which was founded in 2001, provides digital strategies and technologies to nonprofit, association and social enterprises to help these clients optimize fundraising and advocacy through digital channels. The team has over 300 nonprofit clients across the country. The firm is based in Arlington, VA. For more information on Beaconfire RED please see https://beaconfire-red.com/

About 424 Capital
424 Capital is a growth capital partner that makes control equity investments in lower middle market companies within B2B Tech-Enabled Services. 424 Capital works in partnership with founders and management teams to accelerate and scale for long-term growth. Focusing primarily on investments in North America, we invest in companies that are profitable, growing, and that align with our values of honesty, integrity and impact.  For more information about 424 Capital, please visit 424capital.com.