Grapevine Closes $1.85M Total Seed Funding Round
Summary
Grapevine, a NY-based collaborative giving platform, raised $1.67m in equity financing with an additional $180k in grants, making this total seed round $1.85m. The round was led by PJC with with participation from Ulu Ventures, WTI, Social Good Fund, Focus Impact Partners, Notation, Ground Squirrel Ventures, and Overton Venture Capital, Alex Wilson & Pat Duffy, (Co-Founders at The Giving Block) and Geng Wang, (CEO and Cofounder, Civic Champs), David Heath (Founder of Bombas), Lynn Taliento (Senior Advisor and Founder of Social Impact Practice, McKinsey & Company), Alex Chung (founder and CEO of GIPHY), Claire Diaz-Ortiz (Founder of Twitter Social Impact Team), Jay B. Led by Emily Rasmussen, Founder & CEO, Grapevine is dedicated to Giving Circles – where everyday people come together to connect, pool their donations and decide collectively what nonprofits to support on a recurring basis. Anyone can set up their group page, invite members and start collecting donations in minutes. The company is currently supporting over 800 Giving Circles in every state across the country, with 55,000+ total members, resulting in $25M in donations to date.