# GoFundMe

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

- Industry: Consumer Services
- Headquarters: San Diego, US
- Website: www.gofundme.com
- Latest round: Series A (Jun 18, 2015)
- Investors on record: 5

## About

GoFundMe, Inc. is a pioneering crowdfunding platform that empowers individuals and organizations to raise funds for diverse causes, ranging from personal expenses to charitable initiatives, by leveraging social sharing and community support.Founded in 2010 in San Diego, California, GoFundMe, Inc. provides a platform for users to create fundraising campaigns. The company has not undergone any significant pivots or changes in strategy since its inception. Its co-founders include Andy Ballester, Jake Kloberdanz, and Jaymes Jackson. Currently, Tim Cadogan serves as the CEO. In June 2015, GoFundMe raised growth capital through a SERIES A funding round co-led by Accel Partners and Technology Crossover Ventures, with participation from Greylock Partners, Meritech Capital Partners, and Stripes Group. The company is valued at USD 492.35 mn.GoFundMe operates as the leading crowdfunding platform, providing individuals and organizations with the tools necessary to raise funds for various causes, including medical emergencies, education, memorial tributes, and charitable efforts. Launched in 2010, the platform allows users to create their own fundraising campaigns by setting personalized goals, crafting compelling stories, and sharing their links through various channels to attract donors. GoFundMe's customer base includes individuals raising funds for personal needs, as well as nonprofits seeking financial support for their initiatives. The platform is utilized across numerous geographical markets, notably in the United States, Canada, the United Kingdom, and various European nations, enabling a diverse range of fundraising activities tailored to local and global needs.GoFundMe generates revenue primarily through a straightforward model that does not impose a fee for starting a fundraiser. Instead, the platform offers optional tips during the donation process, which allows donors to contribute additional funds to support GoFundMe's operations. Transactions typically occur through individual campaigns, where a fundraiser can receive direct contributions from donors. While there is no subscription model, the platform's accessibility and ease of use promote high engagement among users, resulting in a substantial volume of transactions. GoFundMe serves various sectors, including personal, nonprofit, and educational fundraising, reinforcing its role as a vital resource for individuals and organizations in need of financial assistance.Following the SERIES A funding round in June 2015, GoFundMe plans to utilize the growth capital to enhance its platform and expand its reach. This includes the introduction of new features and tools designed to improve user experience and increase fundraising success rates. The company is looking to expand into new geographic regions, with a focus on increasing its presence in Europe and Asia by 2025. The funding will support these initiatives, enabling GoFundMe to invest in marketing and local partnerships to facilitate this growth.

## Funding rounds

- Series A, Jun 18, 2015 — Accel, Meritech Capital Partners, TCV, Greylock Partners, Stripes

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A
- Meritech Capital Partners (https://capitalatlas.ai/funds/meritech-capital-partners) — Series A
- TCV (https://capitalatlas.ai/funds/tcv) — Series A
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series A
- Stripes (https://capitalatlas.ai/funds/stripes) — Series A