# Groundswell Giving

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/groundswell-giving

- Industry: Financial Services
- Headquarters: Redondo Beach, US
- Website: www.groundswell.io
- Total disclosed funding: $15M
- Latest round: Seed (Nov 30, 2021)
- Investors on record: 7

## About

Groundswell Giving, Inc. is a platform that enhances corporate social responsibility by optimizing employee giving, volunteering, and grantmaking initiatives, fostering a culture of philanthropy among organizations.Groundswell Giving, Inc. was founded in 2021 and operates from Redondo Beach, US. The company specializes in facilitating corporate social responsibility initiatives through its innovative platform. Jake Wood is the founder and CEO, bringing prior entrepreneurial experience to the role. In November 2021, Groundswell raised USD 10.000 mn in SEED funding, led by GV, with additional participation from Core Innovation Capital, Felicis Ventures, Human Ventures, and Moonshots Capital, marking a pivotal moment in its business strategy. The company has completed a total of 2 deals to date.Groundswell provides a comprehensive platform designed to facilitate corporate social responsibility (CSR) initiatives through streamlined employee giving, volunteering, grantmaking, and employee assistance programs. The platform enables organizations to efficiently distribute donations within 24 hours, significantly enhancing the speed of charitable contributions compared to traditional systems. Groundswell's core offerings engage employees in social impact activities, fostering a culture of giving and increasing overall employee engagement. It serves a diverse clientele including enterprises and nonprofits across North America and other international regions.Groundswell operates on a subscription-based revenue model, where clients pay for access to its suite of social impact tools and services. The pricing structure is flexible, accommodating various organization sizes through annual or monthly subscriptions. Clients leverage the platform for employee engagement, event management, and grants management. Key features include instant donation matching and rapid fund distribution, maximizing corporate giving efforts. Specific pricing details remain undisclosed, but the focus on high-quality, integrated solutions for social responsibility supports a sustainable business relationship with clients.Following the USD 10.000 mn raised in SEED funding in November 2021, Groundswell intends to use the capital to add engineers and production staff and enhance its commercialization efforts. The company is also planning to expand its market reach, targeting new geographic regions to further enhance its philanthropic impact globally. Groundswell is actively working on the development of new products aimed at improving its service offerings, although specific release dates have yet to be announced.

## Funding rounds

- Seed, Nov 30, 2021, $10M — GV, Felicis Ventures, Core Innovation Capital, Human Ventures, Moonshots Capital
- Seed, Sep 3, 2021, $5M — Lowercase Capital, Core Innovation Capital, Quiet Capital, Human Ventures

## Investors

- Lowercase Capital (https://capitalatlas.ai/funds/lowercase-capital) — Seed
- Core Innovation Capital (https://capitalatlas.ai/funds/core-innovation-capital) — Seed
- Quiet Capital (https://capitalatlas.ai/funds/quiet-capital) — Seed
- Human Ventures — Seed
- GV (https://capitalatlas.ai/funds/gv) — Seed
- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Seed
- Moonshots Capital (https://capitalatlas.ai/funds/moonshots-capital) — Seed