OneCause Snags $4M Investment, Plans to Expand Fundraising Platform
Summary
OneCause , an Indianapolis-based fundraising platform formerly known as BidPal , has experienced a few changes over the past year: It has a new name, acquired competitor Great Feats in April, and raised $4 million in venture funding last month.“As we grew, we wanted to send a message to our clients and team by putting ‘cause’ first [in our company name],” says CEO Steve Johns.On Wednesday, Xconomy reported that Dallas-based iDonate , which also works with nonprofits to accommodate a variety of Internet- and mobile-enabled fundraising campaigns, has raised $10 million in venture capital.Johns says the intersection of millennials, who tend to prioritize donating to non-profits in ways that previous generations didn’t, and ever-more-sophisticated mobile technologies are fueling the sector’s development.Johns feels it’s a good time to be in the giving industry, which grew to $410 billion in the United States last year.
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