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Crowdera raises pre-series A funding from a marquee group of investors

Business Finance


Fintech start-up based in California and India, Crowdera has announced raising an undisclosed amount of funding as a part of its current Pre-Series funding round.

The marquee investors who have put their faith in the cloud-based fundraising platform are - Anil Advani, the Silicon Valley startup attorney, Pramod Jain, Amrendra Reddy and Manish Satnaliwala, angel investors from Singapore, Anand Daga, SME IPO specialist from Central India, and couple more unnamed investors from San Francisco Bay Area.

Crowdera, a cloud-based fundraising platform, offers a comprehensive fundraising framework for non-profits and social innovators to raise funds without any form of donor dippings. It facilitates all aspects of the online fundraising ecosystem including donation buttons, cross-site donation widgets, websites (CMS), P2P campaigns, donation management, and much more.

"We are not in for a sprint for quick successes; we are a marathoner. Hence, we believe in building best practices in fundraising which will allow us to help several causes for next several decades," said CEO and founder, Crowdera, Chet Jain.

The company plans to use the funds raised to propel the early stage growth and amplify the overall impact by enhancing the product, and scaling customer success activities.

"The not-for-profit online fundraising campaigns are being run on social networks and donations too, are being made on mobiles. The digital era has thus, empowered the fund-seekers and the donors alike. I believe Crowdera will benefit from this paradigm shift and emerge as a leading crowd-funding platform. Most fundraisers need help in execution of their campaigns and here Crowdera, with its value-added services, has emerged as the trusted partner in helping fundraisers chart their journey," said marquee investor Anil Advani.

The fundraising platform has already made its mark amongst the fund-raisers with eminent personalities like Social Worker Padmashri Dr. Suneetha Krishnan for Prajwala, Filmmaker Rajat Kapoor, ABBF founder Divyanshu Ganatra, Gurcharan Singh of Tarak Mehta Ka Oolta Chashma fame and Rhea Mukherjee, ex-VP of Radio Mirchi already opting for Crowdera to raise funds for their causes and ventures.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Tue, June 05 2018. 15:20 IST