Rally Raises $7.95M

[Techtaffy Newsdesk]

Social fundraising platform has raised $7.9 million online in Series A venture capital. The round was joined by Relay Ventures, Mike Maples of Floodgate Fund, Reid Hoffman of Greylock Partners, Kevin Rose of Google Ventures, Craig Shapiro of Collaborative Fund, and Angel investors: Michael Birch, Tim Ferriss, Eric Ries, Josh Spear, Scott Belsky, among other. plans to use the money to continue hiring engineers and scale its technology platform.

Rally enables campaigns and causes to tell their stories and raise money, The approach combines social fundraising and traditional direct appeals. While the company’s roots are in politics, Rally powers fundraising for all types of causes, including non-traditional causes like raising money for college.

Rally was created by the team that built online fundraising platform Piryx. The startup is backed by some of the first investors in Facebook, Twitter, LinkedIn, and PayPal.

Rally’s social fundraising platform has enabled 1.5 million problem solvers to rally around issues by sharing stories, collecting donations and spreading awareness through their social graph, says the company.

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