Change.org Grabs Big Investment From LinkedIn Founder, Reid Hoffman
Modern adaptation of paper-based petitions!
When Benjamin Rattray, the founder and CEO of Change.org pitched Reid Hoffman for investing in his startup in 2006, it didn’t interest Hoffman much then but later in 2014 Hoffman invested. Recently, Reid Hoffmanf – founder of LinkedIn is leading the $30 million funding round for Change.org. It would be Mr. Hoffman’s huge personal investment for the company after long, the other investors who are participating in this latest funding round are Sam Altman – President of startup accelerator Y Combinator and Bill Gates – co- founder of Microsoft.
Change.org was started in the year 2007 with an aim to be a platform for creating campaigns for social and political causes. Rattray believes that the internet can be a greater way to create change. Users can make their own petition and add their names to it. It is the modern adaptation of paper-based petitions, so far the platform has over 180 million users and they have created above 1 million petitions online. With the help of these petitions, various policies have been reformed including both organizations and as well as of government.
The for-profit petition and fundraising platform have generated $20 million annual revenue in last year from various non-profits and organizations. With the recent funding from Hoffman and other investors, the company is trying to expand its fundraising and promoted petitions strategy. With the new investment, the company will focus on its fundraising and promoted petitions strategies.
The platform has seen huge growth in its user base with the recent U.S elections. It has new nine million users in the U.S itself. Apart from funding, the organization is also looking forward to adding new board members. Hoffman believes that it’s a very remarkable moment around the world and Change.org can create a huge impact globally.
What do you think about Change.org and how well it helping all the individuals globally? Do share your thoughts in our comment section below.
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