Rally.org Raises $7.9M in Series A Venture Funding

Rally.org, a San Francisco, CA-based social fundraising platform that helps users with a cause raise money, share their story, and connect with supporters, has raised $7.9m in Series A venture funding.

Backers include 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 such as Michael Birch, Tim Ferriss, Eric Ries, Josh Spear, Scott Belsky, among others.

The company intends to use the capital to continue hiring engineers and scale its technology platform.

Led by CEO and Co-founder Tom Serres, Rally allows users to raise money for campaigns and causes fusing social fundraising and traditional direct appeals, and share their stories, photos, videos and updates with supporters.

Other investors committed to helping Rally lead this movement, include Mark Kingdon, Naval Ravikant from AngelPool, Ariel Poler, Habib Haddad, Tom Steyer, Tom Brown, Ephraim Luft, Ross Garber, Transmedia Capital, Aaron Dignan, Seth Berman and Vianovo Ventures.

FinSMEs

26/06/2012

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