GoFundMe, the social fundraising platform, announced news on Wednesday (April 4) that it is acquiring personal fundraising site YouCaring for an undisclosed sum.
In a blog post announcing the deal, GoFundMe said the acquisition furthers its mission to help people turn compassion into a call to action. During the transition, GoFundMe said YouCaring fundraisers will be able to continue to collect donations and will have the chance to move over to the GoFundMe platform. New fundraising campaigns will launch on the GoFundMe platform, the company said.
“GoFundMe and YouCaring share a common mission of making it easier than ever for people to get the support they need. With this acquisition, we strengthen our position as the place where more people can unite to make an impact far greater than they can on their own,” said Rob Solomon, CEO of GoFundMe. “We’re excited to welcome the YouCaring community to GoFundMe’s global community of more than 50 million people and empower more changemakers to help make a difference in each other’s lives.”
According to GoFundMe, YouCaring’s community will be able to access GoFundMe’s customer support, trust and safety teams, protecting donors with the GoFundMe guarantee.
“Since 2011, YouCaring has helped hundreds of thousands of people raise over $1 billion to face hardship,” said Dan Saper, YouCaring’s CEO in the same blog post. “We are excited for the communities of YouCaring and GoFundMe to join and make a larger impact as one collective giving community.”
For GoFundMe, the acquisition comes on the heels of growth at the company as well as an entrance into the nonprofit fundraising market with the acquisition of CrowdRise. The company also expanded internationally into 19 countries. With the purchase of YouCaring, GoFundMe said it strives to continue this momentum. The deal is expected to close by the end of this week.