StratusLIVE, a provider of 'cloud-based fundraising' and constituent relationship management solutions, said on Thrusday that is acquired $2.3 million in capital from private investors.

The fund is to be spent on the company's expansion in customer relation services, sales and marketing, and U.S. operations. These areas of expansion are selected to address the increase in demand for StratusLIVE for Fundraisers' future endeavors.

StratusLIVE for Fundraisers is an "enterprise-class Software-as-a-Service (SaaS) solution" which gives fundraising, financial processing of pledges, constituent relationship management, multichannel marketing, and analytics. StratusLIVE software is readily available and can be accessed through mobile or the Internet.

"At StratusLIVE, our vision is inspired by the work of great nonprofits that are making the world a better place for all of us. In today's mobile, social world, fundraisers must strengthen their focus on constituent relationships: prospects, donors, volunteers, partnerships, and of course the individuals and communities they serve," said StratusLIVE's CEO Jim Funari.