201615 Dec

BidPal Raises $6M to Support Growth, Hiring, and Product Development

Summary

“We’re growing beyond the ballroom fundraising gala.” Johns is referring to the auctions held by nonprofits to raise money, where BidPal’s app can facilitate the bidding process. BidPal’s current offerings include management of online fundraising campaigns and events, mobile bidding, and an integrated payment processing platform. BidPal has also identified parts of the country where it’s poised to grow the most—Atlanta and the Bay Area top the list—and key industries where it would like to add customers, including the charitable foundations connected to professional sports teams. It’s a tremendous opportunity to expand our base.” Johns says he’s bullish on the “giving industry” in general, pointing out that it generates approximately $373 billion annually in the United States alone. Thanks to high-profile donors like Bill Gates and Warren Buffet along with the vaunted millennial trait of wanting to “do good” in the world, he says charitable activities have never been hotter.

Source: Xconomy

Funding

$6M
Amount
Dec 15 2016
Date
-
Investor
BidPal
Company

Classifications

Companies