# BiddingForGood

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/biddingforgood

- Industry: Internet
- Headquarters: Cambridge, US
- Website: www.biddingforgood.com
- Total disclosed funding: $2.4M
- Latest round: Series D (May 31, 2010)
- Investors on record: 2

## About

BiddingForGood, Inc. provides an online auction platform designed for fundraising, enabling charitable organizations to conduct digital auctions efficiently for various causes.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. The company has raised a total of USD 2.20 mn, with the most recent funding round being an unspecified amount, involving investors such as 5Y Capital and Canaan Partners.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. Geographically, the company’s services are accessible to clients across the United States, with particular engagement in urban centers known for active philanthropic communities.The company operates on a revenue model based on transaction fees collected from organizations hosting auctions on its platform. Clients create auctions to sell donated items, retaining a percentage of the funds raised as a service fee. 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. The company also partners with businesses and sponsors, enhancing auction value and expanding revenue through collaborative fundraising efforts.The most recent funding round will support BiddingForGood's initiatives to expand its product offerings and improve user experience. 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.

## Funding rounds

- Series D, May 31, 2010, $2.4M — Canaan Partners, 5Y Capital

## Investors

- Canaan Partners (https://capitalatlas.ai/funds/canaan-partners) — Series D
- 5Y Capital (https://capitalatlas.ai/funds/5y-capital) — Series D