Groundswell, a Los Angeles, CA-based Philanthropy-as-a-Service platform that’s empowering employees with their own personal donor-advised funds (DAFs), raised a total of $15M in seed funding.
The round was led by GV (formerly Google Ventures), with participation from Human Ventures, Moonshots Capital, Felicis Ventures, and Core Innovation Capital.
The company intends to use the funds to add engineers and product staff and expand its commercialization efforts.
Led by CEO Jake Wood, Groundswell provides a SaaS platform for philanthropic giving, which enables companies to fund personal donor-advised funds for each employee. Employee users are also provided with tools such as tax-free investment opportunities, customized giving opportunities, frictionless donation options, and centralized impact reporting.