GiveGab raises $1.22M in Series Seed Capital
GiveGab to continue developing the world's most innovative social fundraising and volunteer platform.
Ithaca, NY (PRUnderground) January 26th, 2015
The round was lead by Cayuga Venture Fund, and includes further investments from Rand Capital, Great Oaks Capital, and Excell Partners, as well as from several angel investors.
“We are really excited about this next phase for the development of the GiveGab platform. Allowing nonprofits to use the power of social networking to engage their closest supporters and volunteers on a dynamic platform to help them raise awareness and much needed funds. The Ithaca, New York-based company had the first close of a $1.5M equity round raising $1.22M in Series Seed capital to continue developing the world’s most innovative social fundraising and volunteer platform. is and will be powerful for those organizations” said Jennifer Tegan, lead investor and board member.
GiveGab, the giving network, connects donors and volunteers with organizations that support their interests. The company works with more than 4,000 nonprofits and has nearly 100,000 members and is growing rapidly across the country and around the world. In December, GiveGab debuted a new suite of tools to help nonprofit organizations manage key fundraising activities. Coupled with volunteer management which the company was founded on, GiveGab offers a powerful and unique platform at a very low cost to nonprofits.
The new fundraising tools provide nonprofits the ability to quickly and simply build beautifully branded online campaigns while empowering donors to multiply their impact via peer-to-peer fundraising. A remarkably engaging user experience for both donors and nonprofits, the donation process is simple and clean, taking donors only seconds to complete. Additionally, GiveGab provides the donor the ability to cover the fees related to the transaction. The end result is increased donations at a minimal cost for nonprofits using the platform.
“As we continue to pursue our vision of empowering everyone to become great fundraisers and volunteers, we are thrilled by the continued support of all of our venture partners” said the company’s CEO Charlie Mulligan.
More information about GiveGab and its powerful tools for nonprofits and other organizations can be found at info.givegab.com.
GiveGab has developed a Nonprofit Giving Platform, a powerful and unique fundraising and volunteer engagement solution, dedicated to nonprofit organizations. GiveGab empowers nonprofits by leveraging existing social networks for fundraising while building engaged communities of donors and volunteers as followers of the organizations given to. Fundraising methods developed by past generations have not kept up with the rapid technological changes embraced by the generations of today. The result is a market that is underserved and unprepared for the generational shift in giving that we are at the precipice of.
GiveGab helps nonprofits run beautiful crowdgiving campaigns, not only by providing an extremely easy-to-use platform for online donations, but, more importantly giving nonprofits the tools, coaching and best practices to maximize each campaign’s results. In addition to crowdgiving, nonprofits can manage, engage and communicate with their volunteers and donors, forging a relationship that maximizes lifetime value. All of this is provided at an extremely low, risk-free cost for nonprofits. For more information, please go to www.givegab.com. Follow GiveGab on Twitter (@GiveGab) and Facebook (facebook.com/GiveGab).