On Tuesday, global crowdfunding platform GoFundMe announced it has officially acquired CrowdRise, an online fundraising platform for charities and non-profits. According to GoFundMe, CrowdRise will now focus on fundraising for charity and fundraising for individuals will be directed to GoFundMe. The funding portal also noted that 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.
While sharing details about the acquisition, GoFundMe CEO,
Rob Solomon, stated:
“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. GoFundMe aims to be the giving layer of the Internet. By joining forces with CrowdRise, we can offer both people and organizations the right fundraising strategy for any sort of cause they care passionately about.”
Robert Wolfe, CEO of CrowdRise, also shared:
“Our entire team at CrowdRise is incredibly excited to be a part of the GoFundMe revolution because we authentically share their vision. We really believe that this combination is going to comprehensively rewrite the way the people take care of each other and act on their desires to make the world a better place. The scale of what we can do together is truly awesome.”
CrowdRise Founder, Edward Norton, then added:
“From our first conversations, I knew CrowdRise and GoFundMe would be a natural combination. We share the same conviction that there needs to be a platform specific to people’s passion to support causes just as much as there are platforms for their social lives, their business lives, and anything else. GoFundMe has built one of the most powerful tools for social good ever and we are so psyched to join forces with them.”
Since it was launched in 2010, more than $3 billion has been raised on GoFundMe from its community of over 25 million donors. To date, there have been more than 2 million campaigns on GoFundMe’s crowdfunding platform. Norton, along with Wolfe, producer/activist Shauna Robertson, and Jeffrey Wolfe, founded CrowdRise in 2010 and has more than one million members and 20,000 charities using its platform. Crowdrise’s campaigns have reportedly secured more than $500 million for non-profit organizations.
