Network for Good has raised $10 million in funding led by Camden Partners to expand its for-profit subsidiary, NetworkforGood.com, enhancing its charitable giving platform and services.

Target Information

The target of this investment is Network for Good, a prominent donation platform based in Washington, DC. Founded over a decade ago, the organization has established a strong track record in enabling charitable giving, having facilitated over $1 billion in donations to more than 100,000 charities. To capitalize on its success and expand its mission, Network for Good has created a for-profit subsidiary, NetworkforGood.com, which will focus on enhancing its technology and services to better support nonprofit organizations.

With the recent investment of $10 million, NetworkforGood.com aims to rapidly expand its giving platform and services, thereby increasing its capacity to help charitable organizations raise funds. The subsidiary has also acquired GiveCorps, a startup with a similar mission founded by former Bill Me Later team member Vince Talbert, who will assume the role of chairman on NetworkforGood.com’s Board of Directors.

Industry Overview

In the United States, the nonprofit sector has seen significant growth over the years, driven by an increasing number of individuals and organizations seeking to contribute to social causes. The rise of technology in fundraising has revolutionized ho