Subscribe to News
MEDIA, JOBS & RESOURCES for the COMMON GOOD
News  |  Fundraising

Live Crowdfunding Raises Half a Million to Increase Social Impact


Tuesday, 13th November 2018 at 8:38 am
Maggie Coggan
Australia’s first blended live crowdfunding event has raised close to half a million dollars for three grassroots social enterprises, and has been touted as an innovative way to raise funds for the social enterprise sector.


Tuesday, 13th November 2018
at 8:38 am
Maggie Coggan


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Live Crowdfunding Raises Half a Million to Increase Social Impact
Tuesday, 13th November 2018 at 8:38 am

Australia’s first blended live crowdfunding event has raised close to half a million dollars for three grassroots social enterprises, and has been touted as an innovative way to raise funds for the social enterprise sector.     

The three social enterprises KOCO Global, Injalak Arts and Ethical Harvest  pitched their case for support to the crowd at the 2018 Impact Investing Summit, and were judged in a “shark tank” style panel, with each judge representing areas of finance such as debt, equity and philanthropy.  

Grilled on financial sustainability, business models and growth plans, they then turned to the crowd, and asked them to pledge financial support, which in turn raised $410,200 for the three enterprises, helping them to scale impact in the Philippines, Northern Territory and India.

All three enterprises also used the event to launch their online crowdfunding campaigns.

The session was convened by big sector players, including the Impact

Investment Summit, Red Hat Impact, The Funding Network, Start Some Good and The Social Impact Hub, to demonstrate potential of this new fundraising initiative.

The Funding Network Australia CEO Julie McDonald said this new and innovative method of crowdfunding showcased how critical a mix of investment types are to social enterprises.

“We were overwhelmed with the response from the audience. The innovative collective giving event enabled everyone to band together and invest in new, exciting ways that create lasting social change”, McDonald said.

This years’ summit brought together over 300 people, including leading actors and international delegates from private investment, institutional investment, family foundations, government and the social sector.

Melanie Greblo, executive director of the Impact Investment Summit, said impact investing in Australia had grown significantly over the last ten years and she was excited to see its growth in future years.

“We’re excited to be showcasing the first ever blended finance live crowdfunding event and the remarkable results this can achieve for the sector,” Greblo said.


Maggie Coggan  |  Journalist  |  @MaggieCoggan

Maggie Coggan is a journalist at Pro Bono News covering the social sector.


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

How to revamp your fundraising strategy with live crowdfunding

Contributor

Tuesday, 30th April 2019 at 7:30 am

Marginalised groups find barriers to social enterprise funding

Luke Michael

Monday, 29th April 2019 at 5:02 pm

How crowdfunding is helping US charities build trust

Luke Michael

Thursday, 18th April 2019 at 4:41 pm

Campaign to Free Aboriginal Women Raises Almost $300K

Luke Michael

Monday, 14th January 2019 at 5:19 pm

POPULAR

Dealing with the trauma of youth homelessness

Luke Michael

Monday, 3rd June 2019 at 4:36 pm

Setting Aussie kids up for success

Luke Michael

Wednesday, 5th June 2019 at 4:13 pm

UK inquiry finds Oxfam failed to act on child sex abuse claims

Luke Michael

Wednesday, 12th June 2019 at 5:26 pm

subscribe to careers
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!