BiddingForGood
Latest round
- Series D
Last raised
- May 2010
Total raised
- $2.4M
Investors
- 2
About BiddingForGood
BiddingForGood, Inc.BiddingForGood, Inc. is an online auction service that facilitates fundraising for nonprofits. Founded in 2002 in Cambridge, US, the company has undergone no significant operational changes. It was acquired by FrontStream Payments, Inc. on July 27, 2015, for undisclosed financial terms.BiddingForGood primarily operates an online auction platform focused on fundraising, enabling charities to leverage digital auctions to raise funds for various initiatives. Their core product offering includes a user-friendly interface for organizations to create, manage, and promote fundraising auctions, facilitating the sale of unique items such as signed memorabilia, event tickets, and exclusive experiences. This platform serves a diverse range of clients, including nonprofit organizations, educational institutions, and community groups, all aiming to drive contributions for their respective causes. The auction items cater to a broad audience, including sports fans, art collectors, and community supporters, allowing businesses and individuals to contribute positively to social initiatives.The company operates on a revenue model based on transaction fees collected from organizations hosting auctions on its platform. This model fosters a mutually beneficial relationship where nonprofits can maximize their fundraising potential while ensuring platform sustainability. Pricing structures vary based on auction scale and item types, with flagship offerings including custom-designed memorabilia and exclusive event experiences that attract higher bids. While specific new products have not been detailed, the company aims to enhance their auction platform to better meet client needs. Additionally, BiddingForGood plans to target expansion into new geographic regions, primarily focusing on urban areas across the US that show increasing demand for digital fundraising solutions. This strategy aims to broaden their client base and increase market penetration.
Who invested in BiddingForGood
2 investors across 1 round
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Funding rounds
Series D
May 31, 2010
Amount
$2.4M
Investors
Questions about BiddingForGood
Who invested in BiddingForGood?
BiddingForGood has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has BiddingForGood raised?
BiddingForGood has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did BiddingForGood last raise money?
BiddingForGood's most recent round on record is a Series D, in May 2010.
What does BiddingForGood do?
BiddingForGood is a internet company.
Where is BiddingForGood headquartered?
BiddingForGood is headquartered in Cambridge, US.
Which VCs invest in companies like BiddingForGood?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at BiddingForGood's stage. Their profiles are linked below.
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