GiveCampusis a fundraising platform for education-related nonprofits, and on Monday, Silversmith Capital Partners. Y Combinator Managing director Michael Seibel When stripes Executive Claire Hughes Johnson also participated.

The Minority Growth Equity investment follows a bootstrapped family and friends round in 2015 that accumulated less than $1 million.

The company was founded in 2014 to help nonprofits better streamline their fundraising capabilities. GiveCampus is almost Patreon You can receive donations from fintech platforms such as Venmo Also PayPal, effectively making donations as easy as possible for donors by recording in-person donations and accepting cryptocurrencies. You can also identify and engage active alumni to help drive ongoing giving.

The Washington, DC-based startup launched in 2015 and says it has since processed $2 billion in donations to over 1,000 educational institutions.

“As we embark on this next chapter, we will continue to pay attention to the needs and priorities of our partner schools while integrating additional capabilities, data and insights into our platform to drive even greater impact,” said GiveCampus. Co-founder and CEO said. Kestrel Linder said in a statement.

The company has an estimated annual revenue of over $20 million and has been profitable since 2016.

Startup adds philanthropy to mission

Social impact startups that make it easy to donate through frictionless payments are starting to see significant growth, even though they haven’t hit the $1 billion mark. Between 2018 and 2019, he increased funding to this space by 187%, and in 2021 he peaked at $485 million, according to Crunchbase data.

Most of these companies are not fintech platforms like GiveCampus. 1, better flyis a benefits platform that leverages charitable donations to encourage employees to take advantage of benefits. The company raised $125 million in February. another, share bytesraised $39 million in June. Sharebite is a meal delivery platform, and the company says every meal ordered results in a meal donation.

Illustrated by Li-Anne Dias