Crowdera intends to build a giving economy making crowdfunding FREE for everyone, monetizing the social capital to empower individuals and organizations driving social impact & social innovation.
PALO ALTO, Calif., Mar. 18, 2015 /PRNewswire-iReach/ — Crowdfunding has transformed lives of many indie artists, startups, and individuals by helping them monetize social capital to follow their passion, building a multibillion-dollar industry. Now Crowdera, a Palo Alto based startup wants to take on the challenge of making crowdfunding easy and free for non-profits and social innovators. It plans to take on online fundraising giants like Indiegogo and Kickstarter in the social good space, by providing features that would make outreach for corporate social responsibility dollars easy for non-profits.
“We want to create an alternate economy, a giving economy, that will be powered by monetizing social capital and empower organizations, individuals and entrepreneurs to make a social impact and drive social innovation.” states Jain.
Founder Chet Jain says that he wants his platform to be a catalyst for global change in the giving industry, fostering an environment where fundraisers collaborate with teams, engage with corporations and influence the world to do good. Crowdera is specifically designed for non-profits and social innovators. Fundraisers will be able to use the payment gateway of choice (such as PayPal & FirstGiving) and will delight in future features in the pipeline to implement greater exposure to corporate sponsors and donors. Non-profit fundraisers like Two Cents of Hope and Eagle Academy are excited to be using Crowdera’s newly launched features to achieve their goals of empowering kids with education.
Crowdera has made it very simple to create a campaign, users just tell their story and adds some cool pictures conveying purpose of their campaign. Crowdera curates every entry and approve campaigns basedon it’s alignment with social impact vision and social authenticity of campaign creators. The platform, initially focused on helping fundraisers in the United States, is geared for worldwide operations. It plans to go live in India by August 15 of this year.
“Most Crowdfunding platforms blindly follow Kickstarter & Indiegogo model of charging commission fees. We align with belief of leaders from third sector and non-profit world that donor dollars should go where they belong. So we decided we are going free, making fundraising a fundamental right.” says Jain.
Coming out of beta, Crowdera is on track to raise over $1,000,000 in commitments by the end of 2015 for non profits and social innovation fundraisers. Crowdera plans to take the stories of it’s campaign creators and help them via free facebook ads, free press and even reaching corporates. During beta, Crowdera has helped over 40 organizations to successfully raise money for social impact.
Crowdera is the newest crowdfunding platform for driving social impact. Its mission is to build a giving economy fueled by social capital – helping non-profits and social innovators raise money free (without paying any commission or fee) by providing easy CSR outreach. Crowdera was founded by Chet Jain with co-founders Rich Matsuura, Stephanie Jelley, and Chaitanya Atreya. Crowdera is headquartered at Palo Alto, California with a captive software development center in Nagpur, India. Crowdera has 11 employees and has raised a seed round from Jain himself, Rajkumar Velgapudi (serial entrepreneur), Tom Kerns (Wall Street Veteran) & Rich Matsuura (ex-ebay product strategist). Jain started Crowdera in late 2014 after completing his 3 year stint as Founder & CEO of FundEdu, an education funding startup. FundEdu acquired Umojawa, a company founded by Stephanie Jelley & Tom Kerns, in mid 2014.
Media Contact: Chet Jain, Crowdera Inc., 4084930717, firstname.lastname@example.org