SAN FRANCISCO, CA--(Marketwire -06/26/12)- Rally.org, the social fundraising platform that helps anyone with a cause raise money, share their story, and connect with supporters, today announced that it raised $7.9 million in Series A venture capital, online. The round was joined by Relay Ventures, Mike Maples of Floodgate Fund, Reid Hoffman of Greylock Partners, Kevin Rose of Google Ventures, Craig Shapiro of Collaborative Fund, and Angel investors: Michael Birch, Tim Ferriss, Eric Ries, Josh Spear, Scott Belsky, among others. Rally.org plans to use the money to continue hiring engineers and scale its technology platform.
Rally enables campaigns and causes to tell their unique stories and raise money fusing social fundraising and traditional direct appeals. Rally's social fundraising platform has enabled 1.5 million problem solvers to rally around issues by sharing stories, collecting donations and spreading awareness through their social graph.
"Rally is a platform for people to raise funds for causes that matter," said CEO and Co-founder, Tom Serres. "Whether it be Reverend Oliver White receiving donations from all over the world to save his Minnesota church from foreclosure or Alvaro Salas raising money in Costa Rica so he can attend Cornell University -- we as a company are focused on empowering individuals and causes to solve problems and build awareness on a scale never before seen. I feel very fortunate that we were able to bring on investors who see this tech-empowered Cause Economy as a new way to create change."
"As the founder of Bebo and the first angel investor in charity: water, we knew the Internet was a powerful mechanism for change that matters," said Michael Birch. "This is why I built www.mycharitywater.org, and why I am also investing in Rally today. The Rally team understands these principles and are scaling this life improvement philosophy on a global basis."
Rally's easy to use storytelling interface allows tech savvy, and non-tech savvy people alike to broadcast solutions to problems vexing them or their community. Rally's unique analytic tool set helps users improve their storytelling and fundraising. Rally has enabled cause owners and donors alike to share more than 20 million stories, harnessing the power of the narrative for the 21st century.
"Rally has been an incredible platform to help me raise $80,000 to attend Cornell University, and I only have $38,000 left to go!" said Alvaro Salas. "Rally has enabled me to improve my future beyond imagination, but more importantly when I graduate from Cornell, I will be a trained leader, with the opportunity to improve the lives of my fellow Costa Ricans."
Other investors committed to helping Rally lead this movement include Mark Kingdon, Naval Ravikant from AngelPool, Arial Poler, Habib Haddad, Tom Steyer, Tom Brown, Ephraim Luft, Ross Garber, Peter Boboff, Aaron Dignan, Seth Berman and Vianovo Ventures.
Rally (www.rally.org) is an online fundraising platform that helps anyone with a cause raise money, share their story and connect with new supporters. Rally offers personalized, easy-to-use social fundraising tools for passionate individuals, groups, nonprofits and political candidates. Rally gives each cause a place to share stories, photos, videos and updates with supporters specifically at the point of donating. Rally uses the power of social media to help people deepen existing relationships and reach new networks. Rally provides tools to process donations and analyze campaign successes, making fundraising easy for everyone.