GoFundMe has acquired CrowdRise, may extend to charities

GoFundMe, one of the largest crowdfunding platforms currently around, has acquired CrowdRise. While the latter will remain fully operational in its current state and under its own name, GoFundMe may take a leaf out of its book and expand to introduce funding for charities and non-profit organizations to its platform. GoFundMe was founded in 2010 by Brad Damphousse and Andrew Ballester. It was initially launched as CreateAFund and the name was changed after the platform received a bunch of upgrades and became vastly more powerful. The Damphousse-Ballester duo controlled the organization until 2015, when they agreed to sell a majority stake in the venture to Accel Partners. Accel’s purchase valued the firm at somewhere around $600 million. Read more: thetechportal.com