San Francisco – January 12, 2017 – Cooley advised leading online fundraising platform CrowdRise on its sale to GoFundMe, the world’s largest social fundraising platform. CrowdRise will remain fully operational under its new parent company.
Actor/activist Edward Norton, producer/activist Shauna Robertson and Robert and Jeffrey Wolfe founded CrowdRise in 2010. The company is well known for raising funds for charities and other nonprofits, including the American Cancer Society, Red Cross, UNICEF and Free the Children, as well as fundraising events, including the Boston Marathon, New York City Marathon, Chicago Marathon, Ironman and Tough Mudder competitions. CrowdRise has more than 1,000,000 members and 20,000 charities on the platform and CrowdRise’s campaigns have raised over $500,000,000 for non-profit organizations.
"Our entire team at CrowdRise is incredibly excited to be a part of the GoFundMe revolution because we authentically share their vision," said Robert Wolfe, CEO of CrowdRise.
"From our first conversations, I knew CrowdRise and GoFundMe would be a natural combination," said Norton. "We share the same conviction that there needs to be a platform specific to people’s passion to support causes just as much as there are platforms for their social lives, their business lives, and anything else. GoFundMe has built one of the most powerful tools for social good ever and we are so psyched to join forces with them."
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