Socialvest Closes Funding

Socialvest, a cause-based shopping platform, has closed its latest funding.

The round, which was led by Bluff Point Associates, has brought the total amount raised by the company to date to more than €2m.

The company intends to use the capital to continue to expand its product offerings and channel mix, including an upcoming iPhone application.

Led by founder and CEO Adam Ross and based in Atlanta, GA, Socialvest is a free online service that allows users to shop, earn and give to the causes they care about. It offers consumers the opportunity to shop at hundreds of big brand national stores. Users earn money through these purchases that can then be donated to the nonprofits of their choice via the Socialvest website.



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