Digital giving platform听听has raised 拢9 million in a funding round.听
Founded in 2016 to help non-profits mitigate the negative effects of the cashless society on charitable giving, the Salford-headquartered firm has听built a suite of contactless devices.听
Since then, it has partnered with over 1,500 non-profit organisations to modernise their fundraising. In doing so, GoodBox has processed millions in donations and enabled returns on investment of up 85% for the organisations it works with.听
Pro Bono Economics estimate a 拢10 billion funding shortfall for charities as a result of the pandemic as demand for services soar and funding听dries听up.听GoodBox鈥�s听own data showed a staggering decline in donations of 97% from February to April 2020.听
Having recently partnered with organisations like Pret听A听Manger and supermarket chain Sainsbury鈥檚 to bolster their philanthropic efforts,听GoodBox听has enabled some of the UK鈥檚 largest fundraising campaigns throughout the pandemic.听听
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The closure of its latest funding round, and continued support from existing investors such as tennis champion Andy Murray, will allow the company to continue innovating tech solutions for the third sector, with听a number of听exciting, industry-first product launches lined up for the year ahead.听
鈥淒espite the obvious challenges of 2020, we have continued to onboard new charities on the听GoodBox听platform throughout the year; evidence of the huge boom in digital payments and the sector鈥檚 appetite to adapt,鈥� said CEO听David White.听
鈥�The closure of this round will solidify our position as a partner in fundraising to the global non-profit sector, enabling us to offer a wider range of solutions that will help non-profits engage more donors and raise vital funds for their causes.听听
鈥�We are pleased to see continued investment into technology built for the third sector and look forward to realising our plans for 2021 and beyond.鈥�听
Francesca Hodgson,听co-founder听and听managing听director,听said: 鈥淎t听GoodBox听we are acutely aware of the impact of COVID-19 on the non-profit sector; income has been reduced to the tune of billions yet demand for services are up.听听
鈥�It is now more vital than ever that non-profits听are able to access effective digital fundraising innovation to raise much needed funds and connect with their communities.听GoodBox听continues to invest heavily in sector specific innovation which includes contactless giving, to improve tools and outcomes for non-profits.听听
鈥�Through our work, we strive to amplify the efforts of our incredible non-profits. We look forward to continuing our work to drive much needed technological advancements to one of society鈥檚 most valuable sectors.鈥�听