Technology Leaders Partner with Crowdfunding Leaders

WASHINGTON, Oct. 16, 2012 /PRNewswire/ --Today the National Crowdfunding Association (NLCFA) announced that it has entered into a partnership with Avectra, the leading technology provider to associations and non-profits.  Avectra will provide the robust software solution NLCFA needs to manage its enormous growth.

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For more than 17 years, Avectra has translated the business needs of associations, nonprofits, fundraising, and member-based organizations into market-leading software and award-winning services. David Marlett, Executive Director of the NLCFA said, "We are thrilled with this new partnership.  Avectra's Social CRM will allow us to integrate and automate our operations so we can focus on our mission and our members."

"Crowdfunding is an emerging technology with the potential to revolutionize how associations, nonprofits and corporations raise funds, finance new initiatives and expand their market," stated Patrick Dorsey, Avectra's Vice President of Marketing.  "Avectra is excited to partner with NLCFA in their effort to educate the crowdfunding market as well as to provide the technology solutions to support the explosive growth of the association."

"In just six months we have launched and grown exponentially.  I suspect we will be well over a thousand members-strong by the end of the year," said Marlett.  "It was essential that we have a comprehensive solution that will work for us over the long haul."

"Avectra Social CRM will allow us to integrate and automate our operations so we can focus on our mission and our members."

The National Crowdfunding Association, the oldest and largest crowdfunding trade association in America, is comprised of hundreds of companies and individuals who share an interest in the success of rewards-based and investment crowdfunding.  Those members include businesses, crowdfunding portals, investors, attorneys, accountants, vendors, service providers, software developers, consultants, venture capitalists, angel investors, universities, students, and others.

Crowdfunding is exploding globally (the NLCFA is one of the founding members of the World Crowdfund Federation).  Donation- and reward-based crowdfunding has been going strong for several years, with portals such as Kickstarter and Indiegogo leading the way.  The 2012 JOBS Act legalized equity crowdfunding in the U.S., and that is expected to commence in mid-2013. Visit www.NLCFA.org for more information on crowdfunding.

SOURCE National Crowdfunding Association