GoFundMe, the social fundraising platform, has acquired the personal fundraising site YouCaring, furthering the company’s mission to help people turn compassion into action. During this transition, current YouCaring fundraisers can continue to collect donations and will have the opportunity to migrate to the GoFundMe platform. New fundraisers will launch on GoFundMe. The two companies are working together closely to ensure continuity of support to their respective user communities.
“We have entered into an agreement to be acquired by GoFundMe. It became clear to both us and them over the last few months that we can have a much bigger impact on the world by uniting as a single crowdfunding solution for people in need,” blogged ourCaring CEO Dan Saper. “Transitioning our experience into theirs, and providing campaign organizers with access to their 50M+ donors, will better serve our users over time.”
SunTrust Robinson Humphrey served as exclusive financial advisor to YouCaring. YouCaring’s community will now have access to GoFundMe’s customer support, trust and safety teams, and donor protection backed by the GoFundMe Guarantee.
[clickToTweet tweet=” ‘It became clear to both us and them over the last few months that we can have a much bigger impact on the world by uniting as a single crowdfunding solution for people in need,’ blogged @ourCaring CEO Dan @Saper. @gofundme” quote=” ‘It became clear to both us and them over the last few months that we can have a much bigger impact on the world by uniting as a single crowdfunding solution for people in need,’ blogged @ourCaring CEO Dan @Saper. @gofundme”]
“GoFundMe and YouCaring share a common mission of making it easier than ever for people to get the support they need. With this acquisition, we strengthen our position as the place where more people can unite to make an impact far greater than they can on their own,” stated GoFundMe CEO Rob Solomon. “We’re excited to welcome the YouCaring community to GoFundMe’s global community of more than 50 million people and empower more changemakers to help make a difference in each other’s lives.”
The announcement comes after a year of continued growth and major milestones for GoFundMe, including the company’s entrance into the nonprofit fundraising space with the acquisition and launch of Crowdrise by GoFundMe, international expansion to 19 countries, and the recent move to a free platform for organizers. With the acquisition of YouCaring, GoFundMe aims to continue its mission to empower more people to make a difference through efficient and effective crowdfunding.
[clickToTweet tweet=”“We’re excited to welcome the @YouCaring community to GoFundMe’s global community of more than 50 million people and empower more changemakers to help make a difference in each other’s lives,” @GoFundMe CEO @robsolomon1. ” quote=”“We’re excited to welcome the @YouCaring community to GoFundMe’s global community of more than 50 million people and empower more changemakers to help make a difference in each other’s lives,” @GoFundMe CEO @robsolomon1. “]
“Since 2011, YouCaring has helped hundreds of thousands of people raise over $1 billion to face hardship,” said Saper. “We are excited for the communities of YouCaring and GoFundMe to join and make a larger impact as one collective giving community…Running YouCaring has been the highlight of my career. I joined in 2014 as one of just three people, and we have grown it to 50 strong. Along the way, we have been able to raise over $1 billion from over 10M donors for people facing hardship — to cover medical expenses, volunteer projects, adoption fees and more. We are home to the largest crowdfunding campaign in history, JJ Watt’s ‘Houston Flood Relief Fund,’ which raised over $37M from over 200,000 people around the world. And we’ve been able to grow by relying exclusively on voluntary contributions from our donors.”
Launched in 2010, GoFundMe claims itself as the world’s largest free social fundraising platform, with over $5 billion raised to date from a community of more than 50 million donors.
