Raise5

Last updated
Raise5
Raise5Logo.png
Type of business Private
Type of site
Online Charitable Marketplace
Available inEnglish
Headquarters
Area served Worldwide
Founder(s) Mike Tang, Hassan Hassan, Shayan Nahrvar
Employees5
URL www.Raise5.com
LaunchedFeb 2012
Current statusActive

Raise5 is an organization that allows individuals and groups to fundraise for charities and non-profits through micro-volunteering. Users exchange goods and services to raise money for their selected charity, with Raise5 taking an 8% fee on the transaction. According to the "Our Beliefs" section of their website, "...money is not the sole measure of success, but rather a fuel that sustains a business and drives real change." [1]

Other related sites include Justgiving, Crowdrise, and Charitykick. Raise5 focuses on keeping communities engaged in activism by allowing them to meet other needs (playing, developing a skill, building a portfolio, buying a valued service) whilst also supporting a cause. [2] [3] One reviewer writes that "the vast majority [of services] are actually useful opportunities" but also that "several of the services are a bit out there." [3]

History

The idea was first pitched at a Startup Weekend event in Toronto at the end of 2011. The first service provided was for one of the co-founders to wear an animal costume and dance. [4] In May 2012, Raise5 won Sir Richard Branson's 500 contestant "Screw Business as Usual" competition. [4] [5] In September 2012, Raise5 began work with "Impact Engine", a startup accelerator led by Chuck Templeton (founder of OpenTable). [4] [6]

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