The Giveffect team joins the Winter 2015 batch of YC:
“Non-profit startups have come into focus at Y Combinator in the last couple of years. And in an extension of that, the incubator is also backing companies that offer services to the wider non-profit sector. Giveffect, part of its current cohort, has built a suite of cloud-based software that focuses specifically on the needs of non-profit businesses, covering services like accounting and CRM (including donor tracking), through to fundraising and crowdfunding platforms, all built from the ground up with its target customers in mind.
It’s also noteworthy that Giveffect, unlike many others that pass through YC, is not actually a very young startup. It was founded in 2012 and already has more than 300 customers.
The non-profit sector, despite the sound of its name, is big business. In the U.S. alone non-profits process more than $300 billion each year, with a growing portion of charitable donations coming through online platforms, especially among younger consumers.”