Funderful offers a millennial-friendly, web-based platform that helps universities structure, track and analyze alumni fundraising campaigns with real-time infographics and social/competitive engagement features. The software is used by Oxford and Cambridge colleges, London Business School, American universities and other schools worldwide. Founded in 2014 in Latvia, the company positions itself as a digital alternative to traditional phonathons and aims to grow online giving through emotional triggers like peer pressure and competition. Funderful reports that its platform has helped clients raise €2.6m to date; campaigns raise an average €230,000 on top of existing activities and increase donor counts by 104%. The company plans to accelerate product development and establish a foothold in the US market using the new funding. Investors highlighted Funderful’s strong early results and the need for US validation before scaling in the region.

Total raised

$0M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2016