HomefundingSocialVest Raises $1M in Series A Financing

SocialVest Raises $1M in Series A Financing

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SocialVest, a cause-based shopping platform, has raised over $1m in a Series A financing.

The round was led by Bluff Point Associates.

The company aims to use the funds to further develop its platform, a free service that enable users to shop and earn with over 600 leading retailersĀ and then donate money to registered nonprofits, managing their online giving accounts.

Retailers include Target, Macy’s, Home Depot, Best Buy, Saks Fifth Avenue and Bloomingdales.

In conjunction with the funding, Bluff Point Associates Managing Director, Neil Gabriele will joinSocialVest’s board of directors.

Led by founder and CEOĀ Adam Ross, SocialVest include tools to shareĀ the amount received and donated via Facebook, Twitter and other social channels.

FinSMEs

16/06/2011

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