Carrollton-based company, YourCause, announced the closing of $4 million in Series A funding led by Vocap Investment Partners earlier this week.
“I’ve always known that the opportunity to grow to this point was right there and ours for the taking. Getting there has been great to see, though not necessarily a surprise,” says Matt Combs, Founder and CEO of YourCause.
YourCause is a free portal for nonprofits to manage their charity pages. The company was founded with a passion “to empower individuals and companies alike with powerful online tools to connect them with their favorite nonprofits, facilitate fundraising/volunteer activities, and ultimately harness the web to make a positive impact in communities.”
YourCause differentiates itself by offering a solution that enables clients to deliver 100% of the user’s donation to the non-profit organization of their choice.
The additional capital will be used to grow marketing and sales initiatives and the development of new industry products and services.
Since 2010, the company has grown in the number of clients, revenue, and employees by roughly 80% annually; while delivering donations to more than 40,000 non-profit organizations throughout the world. Retaining 93% of its client base since inception, 46% of which are Fortune 500 companies, YourCause now delivers its services to over three million employees in eight different languages within the world’s leading corporate social responsibility programs.
“Now, it’s time to leverage the foundation we have built and aggressively expand our services and capabilities to deliver the overall impact that we have always known is possible through our software and continued dedication to this space,” states Combs.