Los Angeles-CA, US based leading online fundraising Platform as a Service (PaaS), Omaze announced on 13th August, 2020, that it has raised USD 30M funds in series B. The investment round was led by FirstMark Capital. The other investors include Inherent Group, Causeway Media Partners, Penni Throw’s of Copper, BDMI, Gaingels, Tusk Ventures and Guy Oseary.
Managing Director of FirstMark Capital, Rick Heitzmann said, “We’ve been impressed with Omaze’s incredible growth over the last two years. Not only have they grown their revenue by 500%, they have made the strategic investments to empower them to create and own the entire category.”
Omaze previously raised USD 12M in 2018. The recent funding will enable the company to continue investing and scaling up the home and car category which are the fastest growing sections of the business. The startup aims to offer more than 20 homes by next year. The company also claims to utilize the funds to accelerate their international expansion specifically in Western Europe and Oseary.
About the company
Founded in the year 2012 by CEO, Matt Pohlson, the PaaS offers once-in-a-lifetime experience and prizes to help charities around the world. The company also offers chance to win experiences with high-profile people including Oprah, Amal Clooney, Michelle Obama and George and prizes like a custom tiny home, a waterfront dream home in Miami, Lamborghini blessed & signed by Pope Francis. So far Omaze has netted around USD 130M to help more than 350 charities to date.
Founder and CEO of Omaze said, “We’re grateful to close this round during a challenging year and fundraising environment. It’s a testament to the resiliency of our team and the generosity of our community. These funds come at a critical inflection point for the company. We’re excited to accelerate our international expansion and scale our impact.”
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