Funderful
P2P texting and chatbots for higher education and non-profit organizations.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
| EUR | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 105 % | 103 % | (90 %) | 868 % | (99 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 15 % | (38 %) | (7 %) | 259 % | 55 % | (1219 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Funderful operated as a specialized online fundraising toolset targeting universities and non-profit organizations, with a focus on enhancing alumni donor engagement. The company was established in 2013 by Raimonds Kulbergs. Kulbergs, who previously spent a decade in corporate finance at Deloitte and Ernst & Young, drew upon his experience helping his own alma mater with digital fundraising to launch the venture. This background in finance and a direct understanding of the client's problem shaped the company's direction.
The firm provided a web-based platform designed to help institutions manage and expand their annual giving programs. Its service was tailored for a younger, millennial donor base, using features like real-time infographics to display contribution progress, creative campaign themes, and social media sharing capabilities to boost engagement. The platform aimed to simplify campaign management, donor tracking, and performance analysis for fundraising organizations. Funderful's client roster included prominent institutions such as the University of California Berkeley, Georgetown University, London Business School, and colleges within Oxford and Cambridge.
Funderful's business journey included participation in the '500 Startups' accelerator program in Silicon Valley, which helped establish its presence in the U.S. market alongside its Latvian office. The company secured approximately $168K in funding through several rounds from investors including 500 Global and Startup Highway. In February 2019, Funderful was successfully acquired by Ruffalo Noel Levitz (RNL), a market leader in the non-profit and higher education fundraising sector, marking a significant milestone for the company.
Keywords: higher education fundraising, alumni engagement, non-profit fundraising platform, donation management, giving day campaigns, Raimonds Kulbergs, Ruffalo Noel Levitz, 500 Startups alumni, donor analytics, social fundraising, digital fundraising tools, university advancement, alumni relations, fundraising software, campaign management, peer-to-peer fundraising, philanthropy technology, educational fundraising, donor communication