Giveo Scores $one.5M For Cause-Promoting Application

Finance

  • Author Lyle Peterson
  • Published March 3, 2011
  • Word count 407

Boulder, Colo.-dependent Giveo has raised $1.five million for its cause-advertising software package. Access Venture Companions led the Series A round, with participation from Grotech Lovers, Sentinel Believe in and unnamed exclusive investors. Giveo's marketing computer software is made to help you organizations advertise several causes and campaigns and measure their effectiveness.

"This funding will allow us to continue to construct out our offering to meet up with the development we're seeing as businesses seek out to embrace on-line and societal communication stations to assist trigger-linked initiatives," claimed Ed Messman, Giveo, founder and CEO. "With this funding, we plan to introduce new options which will not only enhance these initiatives, but also forever modify how online and social communication channels are utilized in cause-advertising campaigns."

"The evolution of trigger advertising and marketing represents a significant current market option as firms are seeking for new and productive methods to have interaction the brand new digital era," said Frank Mendocino III, managing director at Entry Undertaking Lovers. "There is really a clear and existing prospect for a SaaS lead to marketing and advertising platform like Giveo that delivers a total turnkey resolution to meet the requirements of these companies."

Giveo's platform and solutions have garnered national focus with large-profile companies just like the Food stuff Relatives Farming Foundation (F3), who not long ago developed a whole new public-exclusive relationship that launched Permit's Run Salad Bars to Faculties (LMSB2S). This grassroots public health and fitness collaboration, working in concert with First Woman Michelle Obama's Allow's Transfer! initiative intends to area 6,000 salad bars in educational institutions throughout the place within the upcoming 36 weeks. Giveo's platform also supports the Salad Bar Undertaking, which is a relationship involving Whole Food Marketplace and F3, which to date has raised practically $1.five million to supply balanced salad bars to educational institutions across the country.

"If we are heading to be sure that just about every kid in America includes a healthy and balanced and nutritious lunch daily at university, then we must accomplice with businesses like Giveo," said Ann Cooper, a chef and founder of Food items Family members Farming Basis. "Without Giveo as the underlying know-how, we would not have the ability to implement this initiative in a very streamlined and environment friendly manner, allowing us to produce wholesome university foods a actuality for all kids. Giveo has the vision, too because the confirmed skill to supply within the long run of trigger-marketing."

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