What is FlipGive?
Founded in 2016 and headquartered in Toronto, Canada, FlipGive operates as a team funding app designed to streamline the process of raising money for various organizations, including sports teams, schools, and community groups. The platform enables these entities to earn cash back on purchases that their members and supporters make for everyday needs, such as shopping, dining out, booking hotels, and activities. This model transforms routine consumer spending into a revenue stream for organizations, fostering financial sustainability and supporting their operational goals.
How much funding has FlipGive raised?
FlipGive has raised a total of $8.6M across 2 funding rounds:
Series A
$5M
Other Financing Round
$3.6M
Series A (2019): $5M with participation from Framework Ventures, FJ Labs, and iGan Partners
Other Financing Round (2023): $3.6M led by Framework Venture Partners and BDC Capital Management
Key Investors in FlipGive
FJ Labs
FJ Labs specializes in angel investing at a venture scale, focusing on marketplaces and network effect businesses. They have invested in notable companies such as Alibaba, Coupang, and Rappi, building the world's largest portfolio of marketplace startups, with over 30 achieving unicorn status. The company seeks visionary founders who demonstrate passion, grit, and the ability to execute their vision. FJ Labs is committed to supporting thousands of entrepreneurs who are driving positive transformations in their industries.
iGan Partners
iGan Partners is one of Canada's largest healthcare-focused venture capital firms, investing across North America. The firm partners with exceptional founders to commercialize and scale innovative healthcare solutions, providing smart capital, active support, and access to a network of industry partners. iGan is dedicated to supporting entrepreneurs who are disrupting the healthcare sector, helping them grow and succeed. Their portfolio includes companies that are advancing technological advancements in healthcare.
FRAMEWORK Venture Partners
FRAMEWORK Venture Partners is an investment firm focused on supporting the next generation of founders in vertical SaaS and AI-powered platforms. They primarily invest in late seed and Series A/B stages, targeting companies in Canada and the USA. Their portfolio includes a diverse range of startups across various sectors, including fintech, insurtech, and HR tech. FRAMEWORK aims to work with purpose, scale better, and drive meaningful change in the world.
What's next for FlipGive?
The recent major strategic investment in FlipGive, alongside its substantial total funding of $8.6M, positions the company for accelerated expansion and product development. This capital injection is expected to fuel enhancements to the platform's user experience, broaden its reach to new organizational segments, and potentially explore new revenue-generating partnerships. The company's focus on leveraging everyday consumer behavior for group fundraising indicates a strong potential for continued growth and market leadership in the social impact and community finance sector.
See full FlipGive company page
