08 Feb

Funderful, alumni fundraising software, receives investment from 500 Startups; launches in US

San Francisco, 8 February, 2017. Funderful, alumni fundraising software for universities, is excited to announce it will be a part of the 500 Startups batch 20 in San Francisco, California. Including 500 Startups investment of 150,000 USD Funderful has already attracted 360,000 EUR investment from Imprimatur, StartupHighway and angel investors.

Funderful is a fundraising software that helps universities increase alumni engagement and donations up to three times. Funderful clients span across 8 countries worldwide, among them Oxford colleges, Cambridge colleges, London Business School, American University in D.C. and many others. Combined, schools have already raised millions of dollars from alumni donations through the Funderful platform.

The founder of Funderful Raimonds Kulbergs: “Every year universities attract 11 billion dollars in United States alone via alumni fundraising. With Funderful they can triple this number. Our focus right now is fast growth and joining the #500Strong Family is another milestone on the pathway to expand in the US market. The success drives us further – we are preparing to fundraise our next round soon.”

500 Startups partner Marvin Liao: “For each batch we receive around 2,000 applications, making getting into 500 Startups harder than getting into Stanford, Yale or Harvard universities. Funderful caught our attention during the Digital Freedom Festival with a strong business case, impressive traction and the potential to dominate the enormous US alumni fundraising market.”

500 Startups is a leading global venture capital seed fund and startup accelerator. The company manages $200M in assets and invest in 1300+ technology startups. It intends to become the biggest venture capital shop on the planet and is already voted as the best startup accelerator program in the world (Forbes). Its portfolio includes companies with $1B+ and $100M+ valuation, such as Twilio, Behance, MakerBot and others.

Photos: Funderful wins the DFF & 500 Startups 2016 Pitch

For more information visit: https://www.funderful.com or contact Funderful founder Raimonds Kulbergs (+371 29477191) or communications advisor Dagnija Lejiņa (+371 29470708, dagnija@lejinasleiers.lv).

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