Market Overview Closes 66% Over-Subscribed Seed Round With $830k in Financing


Makes a meaningful impact with social fundraising platform for non-profits

Los Angeles, CA (PRWEB) November 01, 2012, a white label social fundraising platform, today announced it has closed an additional $830,000 in seed financing led by Kamran Pourzanjani (PriceGrabber, Bestcovery). will use the round to accelerate development, philanthropic partnerships and platform sales.

Additional investors in the round include: Siemer Ventures, Canyon Creek Capital, Karlin Ventures, Gordon Crawford, David Carter, Mark Schwartz, Michael Liou, Chairul Irawan, Chris Grey, Steven Roussey, Alan Stern, Irv Weintraub, Steve Reich, Mark Kolokotrones, Brad Schwartz, Terry Kay and existing investor, Amplify LA.

“Crowdfunding is revolutionizing the world of philanthropy, empowering individuals to take collective action to address the issues they care about,” says Global Philanthropy Group (GPG) co-founder Trevor Neilson. “ is at the forefront of this revolution, and has quickly become the leading platform for non-profits.”

Developed by a former MySpace architect, makes it easy for anyone to create and manage grassroots fundraising campaigns. Thousands of individuals, charities and businesses including the Avril Lavigne Foundation and the UN's GirlUp Foundation have chosen to power their crowdfunding efforts. The company also licenses their technology under a white label model to companies seeking to enter the crowdfunding space, including a number of firms building JOBS Act/equity crowdfunding portals.

“Whether you're a non-profit organization, or launching an equity crowdfunding portal,'s completely flexible platform can be easily customized to suit your needs,” said Alon Goren, founder and president of is an inaugural graduate of Amplify, a hands-on accelerator and entrepreneurial campus in Venice, California. Founded earlier this year, the company is already revenue-positive.

Based in Los Angeles, California, is a comprehensive web-based platform that manages fundraising efforts from start to finish. The company's grassroots social fundraising solution is available to all individuals, businesses, and not-for-profit organizations. Founded in 2012, is a graduate of startup accelerator, AmplifyLA. To date, the company has raised $875k in financing. To learn more, please visit
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