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GiveCorps Raises 822K to Make Philanthropy Easy
GiveCorps Closes Angel Round at Nearly $900,000
High-profile Angels Back GiveCorps Expansion
Baltimore, Md. (May 9, 2013)—GiveCorps, a Baltimore-based startup dedicated to creating technology to make philanthropy easy and accessible to everyone, has closed a round of angel funding worth $822,000.
The round allows GiveCorps to expand its team and expand the marketing of its newly launched GiveCorps.Pro platform. Investors in the round include:· The Abell Foundation· David Warnock, founder of Camden Partners· Vince Talbert, co-founder of Bill Me Later· Lou Pugliese, former CEO of Moodlerooms and former CEO of Blackboard· Frank Bonsal, Jr., co-founder of New Enterprise Associates (NEA)· Joe Hardiman, former head of the National Association of Securities Dealers
“We’re honored to have a dynamic group of investors who see the vision of our platform,” said GiveCorps CEO Jamie McDonald. “Not only will GiveCorps be creating jobs, but our expansion enables us to reach, empower and grow more organizations.”
GivCorps.com launched in 2011, as a crowdfunding site for nonprofits that paired with special deals from area merchants and restaurants. The site quickly grew and the company was approached by a variety of nonprofits and universities who wanted a more comprehensive platform for their own fundraising.
“Though we originally launched with a consumer focus, several large nonprofits, including several colleges approached GiveCorps about the success of our platform,” said McDonald. “We recognized the power of the GiveCorps software as a tool for larger nonprofits seeking to grow support among online and Millennial constituents.”
The company recently launched GiveCorps.Pro, a turnkey SaaS solution for Higher Ed, K-12 schools, Faith Organizations and other large nonprofits. GiveCorps.Pro is a donor-centered, mobile, social, giving platform that helps organizations engage supporters, grow audiences, and boost their base of recurring givers.
Using GiveCorps.Pro, a nonprofit’s supporters can:● Give anytime, anywhere on a fully mobile platform – no app download necessary.● Create personal profiles with their giving interests, their contact info and social links.● Create GiveAccounts where funds can be ‘saved’ over time for giving, make giving affordable and easy for site users.● Track all of their activity and store tax receipts through the “GiveVault.”● Make their giving “green” with a completely paperless interface.● Share their donations across a wide variety of social networks.
For organizations, GiveCorps.Pro’s powerful administrative tools offer reporting and analytics to learn from donors, to integrate with their existing donor management system, to capitalize on existing campaigns and marketing, and to maximize staff time for more impact.
Founded in 2011, GiveCorps combines technology, storytelling, and social marketing to redefine what it means to be a philanthropist. The mission of GiveCorps.Pro is to engage and inspire passionate support of giving communities so they can deepen their impact.
GiveCorps.Pro, the company’s private-label platform for institutional fundraisers, offers a donor-centered Software as a Service (SaaS) technologies to create long-lasting relationships with donors. GiveCorps.Pro helps organizations identify, market and publicize their impact, directly linking impact stories to giving opportunities. Utilizing the best practices of GiveCorps.com, GiveCorps.Pro provides a powerful, custom branded, fully mobile online giving platform to nonprofits, educational institutions, faith organizations and corporations.
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