Submittable Funding, Investors & Competitors
Submittable has raised $155M across 5 funding rounds, most recently a $92M undisclosed-stage round in August 2024.
Last Submittable funding round
$92M
Undisclosed stage · Aug 2024
Cumulative funding Submittable raised
$155M
across 5 funding rounds
Key investors in Submittable
True Ventures
NEXT Frontier Capital
Flywheel Ventures
Next Coast Ventures
StepStone Group
Accel-KKR
Knight Enterprise Fund
K5 Ventures
About Submittable
Submittable is a submission management platform that helps organizations administer grants, corporate social responsibility programs, applications, reviews, and reporting, founded in 2010 in Missoula, Montana. It serves foundations, corporations, governments, and nonprofits in the philanthropic sector, supporting programs such as grants, corporate giving, scholarships, fellowships, and creative-industry submissions. The platform has processed applications from organizations including AT&T, NBC, HBO, ESPN, Harvard, and MIT, and by its 2025 year-in-review had managed $4.37 billion in funds across nearly 29,000 programs with more than 1.1 million applicants.
Founded
2010
HQ
United StatesWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Submittable Funding History
Submittable has raised a total of $155M across 5 funding rounds.
Submittable's first fundraising round was a $1M Series A in December 2015. The most recent completed round was a $92M undisclosed-stage round in August 2024.
Submittable funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2024 | Undisclosed stage | - | $92M | Submittable provides a submission management platform that helps organizations streamline grants, CSR programs, applications, reviews, and reporting, serving foundations, corporations, and nonprofits in the philanthropic sector. The company managed $4.37 billion in funds across 28,931 programs with over 1.1 million applicants as reported in its 2025 year-in-review. It positions itself at the intersection of software for social impact, collaborating with clients like Optimizely and Love's Travel Stops on employee giving and volunteer initiatives. Submittable completed a later-stage VC or growth funding round around August 21, 2024, raising approximately $91.5 million, bringing total funding to about $168.8 million across multiple rounds. Prior rounds include a Series C of $47 million on June 13, 2022, led by Accel-KKR with participation from Flywheel Ventures, Next Coast Ventures, Next Frontier Capital, Stepstone Group, and True Ventures; earlier Series B, Series A-II, Series A, and unattributed rounds with undisclosed amounts. Investors total 15 firms, reflecting steady growth and confidence in its market position. Competitive context involves grant management software peers, with Submittable emphasizing AI, collaboration, and scalability in philanthropy trends. |
| Jun 2022 | Series C | Accel-KKR (lead); StepStone Group; Flywheel Ventures; True Ventures; Next Coast Ventures; NEXT Frontier Capital | $47M | Submittable is a social impact management platform founded in 2010 that enables corporations, governments, and philanthropic organizations to manage social good programs including grants, corporate giving, scholarships, fellowships, awards, and creative initiatives. The platform has helped thousands of organizations worldwide launch over 134,000 programs and process nearly 22 million applications to date. In its Series C funding round, Submittable raised $47 million led by Accel-KKR, with participation from existing investors Next Coast Ventures, True Ventures, Next Frontier Capital, StepStone Group, and Flywheel Ventures. The proceeds were designated for product expansion and team growth to address the rapid evolution of corporate social responsibility and social impact initiatives. In the three years preceding this Series C round, the company had nearly doubled in size and opened a second office location in Bellevue, Washington, in addition to its headquarters in Missoula, Montana, with plans to double headcount again and expand office space within the following 18 months. |
| Jul 2019 | Series B | Next Coast Ventures (lead); Flywheel Ventures; True Ventures; NEXT Frontier Capital | $10M | Submittable raised a $10M Series B round on July 18, 2019, led by Next Coast Ventures, with participation from Flywheel Ventures, Next Frontier Capital, and True Ventures. The Missoula, Montana-based company develops an application management platform used by over 10,000 organizations and nearly three million users who have submitted over 10 million applications from more than 150 countries. Customers include AT&T, NBC, HBO, ESPN, NPR, Conde Nast, The New Yorker, Harvard, MIT, TEDx, and National Geographic. Submittable, a Y Combinator graduate, plans to double its staff at its headquarters by hiring seven people per month through 2020 to support growth. The round marks one of the top-10 largest Series B investments in Montana's history, highlighting the startup ecosystem in non-coastal markets. |
| Jun 2017 | Series A | True Ventures (lead) | $5M | Submittable is a cloud-based platform that enables organizations to accept, review, and manage submissions and applications, serving publishers, non-profits, Fortune 500 companies, TEDx, The New Yorker, and Stanford University. Founded in 2010 in Missoula, Montana, it initially focused on literary magazines for manuscript submissions and expanded to handle résumés, contest entries, and digital content. The company announced a $5 million Series A financing round on June 13, 2017, led by True Ventures, marking the firm's first investment in a Montana-based company. The funding supports aggressive sales and marketing efforts, product development including mobile features, and an opportunities marketplace to recommend submission opportunities to creators. Submittable had over 10,000 customers and 2 million submitters at the time, following more than 400% growth over three years. It was already profitable with over 35 employees and plans to transition from a closed to an open system allowing any submitter to sign up and use the Discover feature. |
| Dec 2015 | Series A | NEXT Frontier Capital (lead); Flywheel Ventures; Knight Enterprise Fund; K5 Ventures | $1M | - |
Who has invested in Submittable?
8 investors have backed Submittable across its funding rounds, including True Ventures, NEXT Frontier Capital, Flywheel Ventures, Next Coast Ventures, StepStone Group and Accel-KKR.
Lead investors include Accel-KKR, Next Coast Ventures, True Ventures and NEXT Frontier Capital.
Submittable Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Santa Fe, NM | 3 | Participant | Dec 2015 | |
| San Francisco, CA | 3 | Lead | Jun 2017 | |
| Bozeman, MT | 3 | Lead | Dec 2015 | |
| Austin, TX | 2 | Lead | Jul 2019 | |
| San Francisco, CA | 1 | Lead | Jun 2022 | |
| New York City, NY | 1 | Participant | Jun 2022 | |
This data is available for Pro users. Sign up to see all 8 Submittable investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Submittable
Submittable has acquired 1 company to date.
Last acquisition by Submittable was on August 8th 2024. Submittable acquired WizeHive for undisclosed valuation.
Latest Acquisitions by Submittable
| Description | WizeHive is a cloud platform called Zengine for building custom business applications without coding. Non-technical users create forms, workflows, and databases, while developers add plugins for CRM and ERP integrations. Philadelphia-headquartered since 2008, WizeHive powers grant management for nonprofits and enterprises like United Way. |
| HQ Country | |
| HQ City | Philadelphia, PA |
| Deal Date | 8 Aug 2024 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Submittable acquisitions and their M&A valuation multiples. Start Free Trial | |
Submittable Competitors
Submittable competitors include listed companies like CS Disco and Dye & Durham, and private ones like Procurement Sciences AI, LinkSquares, Rippling and Checkr.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Washington, DC | Private | - | - | $146M | - | |
| Boston, MA | Private | $20M | - | $800M | 40.0x | |
| San Francisco, CA | Private | $570M | - | $17B | 29.5x | |
| San Francisco, CA | Private | $800M | - | $4.6B | 5.8x | |
| United States | Publicly listed | $157M | ($44M) | $273M | 1.0x | |
 Canada | Publicly listed | $316M | $116M | $32M | 3.3x |
Submittable Public Comps
Submittable is still privately-owned, but its public comps include Constellation Software, SS&C Technologies, Topicus, Intapp, RWS Holdings, CS Disco, Hibino, Xp Industrial FII, GetBusy and Valtes Holdings.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $12B | $2.5B | 4.0x | 3.5x | 18.5x | 12.9x | |||
| $6.3B | $2.1B | 4.2x | 3.9x | 12.4x | 10.0x | |||
| $1.8B | $393M | 3.4x | 3.0x | 15.3x | 10.6x | |||
| $578M | ($16M) | 4.6x | 4.5x | (164.3x) | 20.9x | |||
| $927M | ($26M) | 0.7x | 0.7x | (27.2x) | 4.8x | |||
| $157M | ($44M) | 1.1x | 1.0x | (4.0x) | (22.1x) | |||
| $435M | $60M | 0.6x | 0.6x | 4.3x | - | |||
| $9M | - | 10.0x | - | - | - | |||
This data is available for Pro users. Sign up to see all Submittable competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Submittable
| When was Submittable founded? | Submittable was founded in 2010. |
| Where is Submittable headquartered? | Submittable is headquartered in United States. |
| Is Submittable publicly listed? | No, Submittable is a private, VC-backed company. |
| How much funding has Submittable raised? | Submittable has raised $155M across 5 funding rounds. |
| What was Submittable's last funding round? | Submittable's last funding round was a $92M undisclosed-stage round in August 2024. |
| Who are Submittable's investors? | Submittable's investors include Flywheel Ventures, True Ventures, NEXT Frontier Capital, Next Coast Ventures, Accel-KKR, StepStone Group, Knight Enterprise Fund and K5 Ventures. |
| Which companies are comparable to Submittable? | Companies comparable to Submittable include Procurement Sciences AI, LinkSquares, Rippling, Checkr, CS Disco and Dye & Durham. |
| How many companies has Submittable acquired? | Submittable has acquired 1 company, including WizeHive. |
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