GiveCampus, the world’s premier fundraising platform for nonprofit educational institutions, has announced that it has acquired Community Funded, a leading giving day and crowdfunding technology provider. With this deal, GiveCampus will expand the reach of social fundraising to more schools to help them reach, engage, and mobilize their communities.
However, 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.
Launched in 2015, GiveCampus aims to increase the quality, affordability, and accessibility of education. The platform provides software, services, and expertise that 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’sIt’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.
Speaking about the acquisition, Co-founder & CEO of GiveCampus, Kestrel Linder, said:
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 our respective missions and cultures have always been well-aligned. We are excited to welcome the team on board in support of our expanded community of partner institutions.
As part of the acquisition, Community Funded’s customer success, customer support, and product and engineering teams will join GiveCampus, ensuring continuity for Community Funded customers and providing the same level of support and expertise they expect.
Danielle Evans, Community Funded VP of Client Success, commented:
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.
Founded in 2011, Community Funded helped schools raise over $500 million. The company provides an opportunity for organizations and individuals to showcase and raise funds for community impact projects, enabling organizations to have access to financial resources. It’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.
Last year in September, GiveCampus raised $50 million in a funding round led by Silversmith Capital Partners. Y Combinator Managing Director Michael Seibel and Stripe executive Claire Hughes Johnson also participated in this round.