The financing marks the first time the company has raised capital since raising less than $1 million from family, friends, angel investors, and Y Combinator in 2015. Several individual investors also participated in the financing. GiveCampus was founded in 2014 to advance the quality, affordability, and accessibility of education by providing non-profit educational institutions with a modern platform to reach, engage and mobilize their communities. Since its launch in 2015, the platform has facilitated more than $2 billion in charitable giving to more than 1,000 colleges, universities, and K12 schools.
The WilmerHale legal team representing GiveCampus was led by Stephanie Evans and Gary Schall and included Bill Caporizzo, Scott Kilgore, Michael Dawson, Jeff Johnson, Andrew Stauber, Sam Rothberg and Gavin Tullis.