KarmaSuite

What KarmaSuite does

KarmaSuite, Inc. is a US-based SaaS company founded in 2022 and headquartered in Oakland, California, that builds software for nonprofit organizations to manage grants and restricted funds. The platform addresses a narrow but operationally heavy workflow: tracking multiple concurrent grants from different funders, dynamically allocating shared expenses across those grants in compliance with donor restrictions, surfacing underspending risk before grant expiration, forecasting funding gaps and excesses, automating financial reporting in donor-specific budget nomenclature, and tracking impact deliverables. Customers cited publicly include United Way for Greater Austin, Peninsula Family Service, New Energy Nexus, Utah's Promise, Natural History Museum, and Helping Hands of Vegas Valley, alongside accounting partner AAFCPAs.

The product is delivered as a browser-based SaaS platform with a mobile application, and is designed to layer on top of — not replace — a nonprofit's existing general ledger. It maintains native integrations with QuickBooks, Oracle NetSuite, Sage, Blackbaud, and MIP, the dominant accounting backbones in the US nonprofit sector. Differentiated technical features include dynamic expense allocation algorithms that compute allocations in bulk while respecting donor restrictions, auto-updating spend dashboards with underspending alerts, and AI-based recommendations that suggest actions to close forecasted funding gaps and improve budget modification approval odds.

KarmaSuite generates revenue primarily through monthly-billed SaaS subscriptions on annual auto-renew terms, supplemented by implementation, training, and onboarding professional services scoped per order form. Pricing is not publicly disclosed and is quote-based. Go-to-market is sales-led: a 'Request Demo' CTA on the website anchors inbound, supplemented by presence at nonprofit industry events (AICPA & CIMA, NGMA), PR/earned media (Forbes), and content marketing. The company has raised approximately $4.5M in total venture capital, led by Urban Innovation Fund, with Bienville and Fractal participating. The team is small (1-10 employees) and led by co-founders Srikar Chinam (CEO) and Jonathan Allen (CTO).

Name

KarmaSuite

Legal name

KarmaSuite, Inc.

Website

https://karmasuitesoftware.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

KarmaSuite is a SaaS platform that helps US nonprofits manage grants and restricted funds, providing dynamic expense allocation, spend-down alerts, AI-based funding gap recommendations, and donor-specific reporting on top of existing general ledgers. Its customers are primarily grant-funded nonprofit organizations across human services, community, clean energy, and arts segments.

Ownership category

akta.pro rank

Product category

Nonprofit Grant Management Software

NAICS

Software Publishers (5132)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Donor-Advised Fund (DAF) Sponsors (BPAGAKAF)

akta.pro secondary industries

Philanthropic & Charitable Trust Services (FSAAANAI), Charitable Giving & Philanthropic Trust Advisory (FSAEAKAH)

Keywords

• Grant management software
• Nonprofit fund accounting
• Restricted fund tracking
• Grant expense allocation
• Nonprofit financial reporting

Headquarters

HQ city

Oakland

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. SaaS Subscription: Monthly subscription-based access to the KarmaSuite Solution via web browser. Fees are billed monthly and due within 30 days of invoice date. Annual renewal terms with automatic renewal unless 30-day notice is given.
2. Professional Services: Implementation, training, and on-boarding services provided as described in Order Forms or Statements of Work

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

KarmaSuite is a SaaS-based grant and restricted fund management platform for nonprofit organizations. It automates expense allocation to grants, tracks grant spend in real time with underspending alerts, generates donor-specific financial reports by mapping general ledger categories to donor budget categories, forecasts funding gaps and excesses, and automates impact deliverable tracking. The platform integrates with major general ledgers (QuickBooks, Oracle NetSuite, Sage, Blackbaud, MIP) and is delivered via web browser and mobile application on a subscription basis.

Product overview

KarmaSuite is a unified SaaS platform for nonprofit grant and restricted fund management. The core KarmaSuite Platform provides end-to-end functionality for managing restricted funds, including grant tracking, dynamic expense allocations, automated financial reporting, spend visibility with alerts, deliverable tracking, and AI-powered funding gap analysis. The platform integrates with popular general ledger systems including QuickBooks, Oracle NetSuite, Sage, Blackbaud, and MIP.

Differentiator

Problem solved

Functional benefit

Products and services

• KarmaSuite Platform Smart grant and fund management SaaS platform for nonprofits that streamlines restricted fund management, grant tracking, expense allocations, financial reporting, and deliverable tracking. Provides auto-updating spend dashboards, underspending alerts, and AI-based funding gap recommendations. Integrates with QuickBooks, Oracle NetSuite, Sage, Blackbaud, and MIP general ledgers.

Quantifiable outcome

• Saves manual work that organizations have been doing manually for 20 years
• +3 more outcomes

Named customers6 records

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability3 records

Feature4 records

Partnerships

Six partnerships are on record, tiered minor and core.

• BlackbaudminorGTM or Marketing PartnerKarmaSuite joins Blackbaud's Social Good Startup Program, a tech accelerator for social impact solutions.
• QuickBookscoreTechnology or IntegrationIntegration partner - KarmaSuite integrates with Intuit QuickBooks for seamless data flow between grant management and accounting.
• Oracle NetSuitecoreTechnology or IntegrationIntegration partner - KarmaSuite integrates with Oracle NetSuite for seamless data flow between grant management and ERP systems.
• SagecoreTechnology or IntegrationIntegration partner - KarmaSuite integrates with Sage accounting software.
• MIP Fund AccountingcoreTechnology or IntegrationIntegration partner - KarmaSuite integrates with MIP (Community Brands) fund accounting software designed for nonprofits.
• National Grants Management Association (NGMA)minorStrategic or Co-development PartnerKarmaSuite is listed as a partner by NGMA, the professional association for grants management.

Scale indicators3 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Foundant Technologies: Foundant provides grant management software specifically for foundations, nonprofits, and community grantmakers. It is a direct competitor to KarmaSuite in nonprofit/grant lifecycle management with similar functionality for tracking restricted funds and managing grant applications.
• Fluxx: Fluxx is a cloud-based grant management platform serving foundations, nonprofits, and government grantmakers. It directly overlaps with KarmaSuite in tracking grants from application through reporting and is one of the most commonly cited competitors in this space.
• Submittable: Submittable provides grant application management and review software used by foundations and nonprofits. While it focuses more on the application/review side than post-award tracking, it competes for the same nonprofit software budget and serves overlapping buyers.
• SmartSimple: SmartSimple is a configurable cloud platform for grant management used by foundations, corporations, and governments worldwide. It is comparable to KarmaSuite for organizations managing the full grant lifecycle and competing for similar enterprise customers.

Broad incumbents

• Blackbaud: Blackbaud is the dominant incumbent in nonprofit software, offering financial management (Financial Edge NXT), CRM, fundraising, and grant management under one roof. It is an integration partner of KarmaSuite but also a strategic threat if it expands native grant management functionality.
• MIP Fund Accounting (Community Brands): MIP is a fund accounting platform purpose-built for nonprofits and government entities. It is an integration partner of KarmaSuite and competes for the same nonprofit finance budget, though its strength is on the GL/accounting side rather than grant-specific workflows.
• Sage Intacct: Sage Intacct is a cloud ERP with a dedicated nonprofit edition used by mid-market and enterprise nonprofits. It overlaps with KarmaSuite on financial reporting and dimension-based tracking but does not natively handle grant restrictions or deliverable tracking.
• QuickBooks Online (Intuit): QuickBooks is the most widely used small-business and small-nonprofit accounting platform and is an integration partner of KarmaSuite. Many nonprofits run grant tracking in spreadsheets layered on QuickBooks, making it both a feeder source of leads and a potential threat if Intuit adds grant-specific features.
• Salesforce.org / Nonprofit Cloud: Salesforce.org offers a Nonprofit Cloud suite covering program management, fundraising, and constituent engagement. While it does not specialize in restricted fund grant accounting, it competes for the broader nonprofit technology budget and could expand into grant lifecycle functionality.

Emerging players

• GivingData: GivingData is a newer entrant offering grant management software specifically for private foundations. It overlaps with KarmaSuite's grant tracking and reporting functionality and targets a similar nonprofit/foundation buyer.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KarmaSuite