Groundswell offers a SaaS platform that enables employers to fund personal donor-advised funds (DAFs) for each employee and provides tools for tax-free investment opportunities, customized giving, frictionless donations, and centralized impact reporting. The company is led by CEO Jake Wood and is based in Los Angeles, CA. Groundswell raised $15M in seed funding to support its growth. The round was led by GV (formerly Google Ventures) with participation from Human Ventures, Moonshots Capital, Felicis Ventures, and Core Innovation Capital. The company plans to use the funds to add engineers and product staff and to expand its commercialization efforts. The financing positions Groundswell to scale its product and go-to-market activities for employer-sponsored philanthropy.

Total raised

$15M

Funding rounds

1

Latest round

Seed

Latest activity

Nov 2021