GoFundMe acquires CrowdRise
Company says deal will help it expand into all areas of online giving
GoFundMe, the world’s largest social fundraising platform, has acquired CrowdRise, the online fundraising platform for charities and non-profits.
Going forward, CrowdRise will focus on fundraising for charity and fundraising for individuals will be directed to GoFundMe. CrowdRise will remain the same brand its users and partners love and trust, and continue to deliver its unique blend of services to its customers.
Since it was launched in 2010, more than $3 billion has been raised on GoFundMe from a community of more than 25 million donors. To date, there have been more than 2 million campaigns on GoFundMe.
CrowdRise was founded in 2010 by actor/activist Edward Norton, producer/activist Shauna Robertson, and Robert and Jeffrey Wolfe. They have over 1 million members and 20,000 charities on the platform and CrowdRise’s campaigns have raised over $500 million for non-profit organisations.
In addition to supporting people’s individual campaigns for nonprofits, CrowdRise is the fundraising platform for many endurance events including the Boston Marathon, New York City Marathon, Chicago Marathon, Ironman and Tough Mudder, along with thousands of small and medium size events.
In addition to providing online fundraising infrastructure for some of the largest charities in the world like American Cancer Society, Red Cross, UNICEF and Free the Children, CrowdRise builds the charitable donation layer for over a dozen of the largest event registration platforms such as Active Network and Eventbrite.
“There is a perfect synergy between GoFundMe’s brand of person to person social fundraising and CrowdRise’s expertise in fundraising for charities through peer-to-peer, race events and corporate campaigns,” said GoFundMe CEO Rob Solomon. “GoFundMe aims to be the giving layer of the Internet. By joining forces with CrowdRise, we can offer both people and organisations the right fundraising strategy for any sort of cause they care passionately about.”