Fundly raises $5 million (and non-profits raise $220 million with Fundly social media platform)

 

 Mark Goines

This morning Fundly announced that we have achieved two more significant milestones for the company:
First off, Fundly landed another $5 million in Series A investment   which we will use to build even more cool features for Fundly’s users!  We have already hired a team of new awesome developers to make it all happen (you know who you are).

However, I could not think of a better way to celebrate this success in our company’s life than the simultaneous passing of another big milestone: the 1,000+ cause based organizations that use Fundly in the US have now raised a collective $220 million!

Our new investor is Morgenthaler Ventures. Mark Goines has joined Fundly’s board of directors. We are very excited to have him. He was an early investor in consumer finance products such as Mint.com and WePay.  The Fundly investor group already included luminaries who invested in social media companies like LinkedIn, Zynga and Twitter. We are now adding Mark’s wealth of financial application experience to the team.

Large non-profits like Teach For America as well as smaller ones like TERI have already discovered the power of social media. You should never allow a donor to drop off a check and then just drive away. When they come to your website to donate to your cause, they already have their hearts and wallets open— this is the peak of engagement and it’s crucial to seize the moment.  Adding Fundly to your donation page(s) or setting up a campaign page with Fundly will automatically ask all your donors to spread the word with their friends.  As the old saying goes, “You don’t ask; you don’t get.”

So, take a couple of minutes and setup a Fundly campaign page   for your any of your own non-profit fundraisers  !