The phrase "amassing funds" is correct and usable in written English.
It can be used when referring to the act of gathering or accumulating money, often for a specific purpose or project.
Example: "The charity is focused on amassing funds to support local families in need."
Alternatives: "raising money" or "collecting donations".
"At higher levels you just keep on amassing funds, as there is nothing anymore that you can spend them on".
"If you can combine amassing funds and education through counseling, you can create a nice benefit that will attract employees".
The family's business empire is under strain just as its most prominent member, Aburizal Bakrie, a former minister, is amassing funds to run for Indonesia's presidency in 2014.
By the end of 2003, grateful bankers were already amassing funds for Bush's 2004 reelection campaign.
A lottery was set up and the Ass'n amassed funds.
He is charged with transmitting the illegally amassed funds to Pakistan through the Access bank accounts.
The central govt. can pass laws & amass funds for good works but it seldom achieves the goals it seeks.
Al Qaeda and its affiliates are engaged in a wartime communications strategy to recruit, amass funds and inspire savage attacks against American troops and civilians.
So his institute has amassed funds from the Environmental Protection Agency, the State of Arizona and some local businesses for a project to see if certain construction materials can alleviate the problem.
The growing frequency of partial-interest transactions also explains why many so-called vulture investors, which have amassed funds to snatch up office buildings from distressed owners forced to sell at a loss, are still waiting on the sidelines for properties to show up on the auction block.
Domio had earlier raised $5 million in equity and convertible debt from angel investors in the real estate industry; altogether it has now amassed funding of $67 million.
