Community Sector Banking
MEDIA, JOBS & RESOURCES for the COMMON GOOD

eBay Founder Invests in Online Petition Platform


Wednesday, 29th May 2013 at 11:19 am
Staff Reporter
International online petition platform, Change.org has secured a $15 million investment led by philanthropic investment firm Omidyar Network, established by eBay founder Pierre Omidyar and his wife Pam.

Wednesday, 29th May 2013
at 11:19 am
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
eBay Founder Invests in Online Petition Platform
Wednesday, 29th May 2013 at 11:19 am

International online petition platform, Change.org has secured a $15 million investment led by philanthropic investment firm Omidyar Network, established by eBay founder Pierre Omidyar and his wife Pam.

The Omidyar Network will hold a minority stake in the company and the investment partner at Omidyar Network, Chris Bishko will join Change.org’s Board of Directors.

A mission-aligned investment fund based in San Francisco, Uprising, is also participating in the round of investment.

The Omidyar Network says it seeks to catalyse broad, positive social impact by funding both for-profit companies and Not for Profit organisations around the world.

The firm’s portfolio includes for-profit companies including local online group organisation Meetup and Not for Profit microlending site Kiva. http://www.meetup.com/find/  http://www.kiva.org/start

Omidyar Network’s Managing Partner Matt Bannick said Omidyar Network was pleased to make the investment in Change.org.

“We are particularly enthused to support an organisation that so effectively uses technology to give people opportunities to connect around issues of personal importance and take actions that can significantly improve their communities,” he said.

Change.org seeks to empower people to create the change they want to see, and the site’s users boast thousands of victories.

Prominent change.org wins in Australia have included the Perth mum’s campaign to get the Australian War Memorial to recognise fallen peacekeepers; gay footballer Jason Ball’s campaign to get the AFL to tackle homophobia; and the decision by the Royal Humane Society to revoke a bravery award given to a man who brutally bashed his partner.

Change.org’s Founder and CEO Ben Rattray said the organisation was honored to receive investment from such “deeply mission-driven investors.”

“Omidyar Network’s mission of empowerment aligns perfectly with ours, and we’re thankful to their leadership in growing the impact investment sector over the past decade,” he said.

“Social enterprises can play an instrumental role in solving some of the world’s biggest problems.

“This funding will help us continue to expand our empowerment tools internationally while innovating on new products with the potential for disruptive social impact.”

Change.org has grown rapidly in the past year, climbing from 6 million users in early 2012 to more than 35 million users.

Australia has more than one million users and more than half of the users are now outside the United States.

In April, Change.org received the Webby Award for best activism website.

Change.org is a certified B corporation, meaning it is held to high standards of social and environmental performance, accountability, and transparency set by B Labs, an independent certifying group.

To learn more about Change.org’s business model, click here.


Staff Reporter  |  Journalist  |  @ProBonoNews



Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers?

Get in touch at news@probonoaustralia.com.au

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Write a Reply or Comment

Your email address will not be published. Required fields are marked *



YOU MAY ALSO LIKE

Philanthropy Australia CEO announces departure

Maggie Coggan

Tuesday, 19th November 2019 at 8:28 am

Philanthropists urged to look at the bigger picture

Maggie Coggan

Thursday, 7th November 2019 at 8:23 am

We need to talk about specific listings

Krystian Seibert

Monday, 4th November 2019 at 4:39 pm

Australian mental health charities miss out on philanthropic dollars

Maggie Coggan

Monday, 28th October 2019 at 5:25 pm

POPULAR

Our royal commission is not yet a safe place for people with disability

Emma Bennison

Wednesday, 6th November 2019 at 4:59 pm

Report finds NFP boards lack leadership in fundraising

Luke Michael

Wednesday, 13th November 2019 at 2:30 pm

Why Australia needs more noisy charities!

David Crosbie

Thursday, 7th November 2019 at 8:58 am

Advocates demand stronger targets for disability employment

Luke Michael

Friday, 8th November 2019 at 4:05 pm

Community Sector Banking
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!