EdtechReview.in covers the latest news and advancements in the world of education technology, and today we are excited to announce GiveCampus’s acquisition of Community Funded, a leading giving day and crowdfunding technology provider.
This deal will expand the reach of social fundraising to more schools, helping them reach, engage, and mobilize their communities. The amount of the deal was not disclosed. This is GiveCampus’s first acquisition and leverages a $50 million growth investment that the company announced last year.
Founded in 2015, GiveCampus is committed to increasing the quality, affordability, and accessibility of education. The platform is built to help schools raise more money, from more people, at a fraction of the cost of other fundraising methods. Since its launch, the Washington, D.C.-based startup has facilitated more than $3 billion in charitable giving to 1,200 colleges, universities, and K12 schools. It’s fundraising technology streamlines the critical work schools do before and after a donor makes a gift so one can better identify, engage, solicit, and steward those supporters.
Kestrel Linder, Co-founder & CEO of GiveCampus, commented: “The acquisition of Community Funded represents a deep commitment to our roots and an ambitious vision for the future. Together with Community Funded, we’ll continue to innovate and offer the best platform for giving days, crowdfunding, and online giving while broadening our work to enable the critical workflows before and after a donor makes a gift.”
The Community Funded team is known for its customer-centric approach, and their respective missions and cultures have always been well-aligned. The acquisition will provide continuity for Community Funded customers, ensuring the same level of support and expertise they expect.
Danielle Evans, Community Funded VP of Client Success, said: “We have always admired GiveCampus. They’ve been leading the way in the educational fundraising space for nearly a decade, and we couldn’t be more thrilled to join forces with them. GiveCampus continuously sets and raises the bar for what online giving experiences should look like. We are excited to be able to deliver those experiences to our customers and their donors. We’re also eager to give our customers access to GiveCampus’s portfolio of solutions for other essential fundraising activities, from texting and event registration to volunteer management and prospect research.”
Community Funded helped schools raise over $500 million since its founding in 2011. It provides an opportunity for organizations and individuals to showcase and raise funds for community impact projects, enabling organizations to have access to financial resources. Some of the company’s 100-plus customers include the University of North Carolina at Chapel Hill, the University of Utah, the American University, the University of Illinois Foundation, and the University of Colorado system.
This acquisition is a great step forward for the EdTech industry, as it will enable teachers and educators to access more resources and tools to help them fundraise for their schools. With the help of GiveCampus’s platform, schools will be able to reach, engage, and mobilize their communities in a more efficient manner.