- AngeLink recently announced it raised $4.5 million in funding. These are the details.
Funding amount: $4.5 million
Funding round: Seed funding
AngeLink – the female-powered social crowdfunding platform developing a global community for women seeking trusted fundraising – announced the closing of $4.5 million in total seed funding in Q2 2022 and second-quarter launch results. Exceeding expectations, the company has over 10,000 users who have joined the site in the first three months. AngeLink is set to launch its Series A financing.
Understanding that today women organize 70% of all social crowdfunding campaigns and represent nearly 80% of all online donors, the company developed an innovative technology to provide a safer, more trusted fundraising resource in what’s currently a $64 billion industry and forecasted to quadruple by 2026. Plus AngeLink’s free marketing tools and templates promote engagement and repeat giving — which results in more successful campaigns.
Two of the newest additions to the team at AngeLink are:
– Paige Kutilek, Growth Marketing Manager – Was most recently Senior Growth Manager at GoFundMe and will manage all SEO, marketing, and data analysis. She had earlier been Acquisition Marketing Lead at YouCaring, which was acquired by GoFundMe.
– Francisco Manalo, Customer Support Director – Was also with GoFundMe in the position of Customer Support Lead. With AngeLink, he will be responsible for optimizing customer support and service in the company’s Customer Love department.
KEY QUOTES:
“With my vision to upend the history of gender-based economic disparity, I formed AngeLink to revolutionize the ability to connect, empower, and amplify female voices globally through a trusted crowdfunding platform. Built with a team of 90% women, our peer-to-peer platform helps fundraisers accelerate the speed and success of their campaigns through the use of free tools and marketing support which has already demonstrated positive results with users raising funds for medical needs, emergency relief, small businesses, and charities in excess of their goals.”
“The rapid growth of users is a testament to the need for a product that’s both attractive and accessible to a diversity of culture, color, geography, experience and age. I’m proud that this is also reflected in our talented team of developers, executives, and marketing specialists — proving we are powered by women and built for all. From our team to those who initiate campaigns, and the thousands of people who contribute to them, AngeLink is Fundraising with Love.”
– Gerry Poirier, AngeLink Founder and CEO
