MK Capital has sold its portfolio company, OneCause, a digital fundraising platform for nonprofits, to Bonterra, marking a significant step in expanding Bonterra's capabilities in supporting social good organizations.

Target Company Information

MK Capital has announced the acquisition of its portfolio company, OneCause, by Bonterra as of October 15, 2025. OneCause is recognized as a leading provider of digital fundraising and donor engagement software tailored specifically for nonprofits. Founded in 2008 as BidPal, the company has evolved significantly, becoming a comprehensive platform that encompasses mobile bidding, peer-to-peer fundraising, donor engagement, and fundraising intelligence. This strategic acquisition highlights OneCause's journey and the substantial progress made under the guidance of MK Capital.

Since partnering with OneCause in 2011, MK Capital has been instrumental in transforming the business from an event-centric model to a year-round fundraising solution. This partnership also facilitated the recruitment of Steve Johns as Chief Executive Officer, who has since led significant growth in annual recurring revenue (ARR), expanded OneCause’s reach among various nonprofit sectors, and fostered critical ecosystem partnerships, underscoring the company’s mission to enhance nonprofit funding capabilities.

Industry Overview

The nonprofit technology sector, particularly in the United States, has been witnessing robust growth as organizations increasingly adopt digital tools for fundraising and donor engagement. With over 1.5 million nonprofit organizations nationwide, the market presents immens