What is One Degree?
One Degree operates with a dual mission: to provide accessible pathways out of poverty for individuals and communities, and to ensure every family has a safe and stable home. The organization achieves this by making thousands of local, poverty-fighting nonprofits and social services readily available to families through its platform, www.1deg.org. Furthermore, One Degree is actively working to simplify the process of finding affordable housing via its dedicated website, OneHomeBayArea.org, demonstrating a commitment to addressing systemic issues with innovative technological approaches.
How much funding has One Degree raised?
One Degree has raised a total of $1.9M across 2 funding rounds:
Private Equity
$1.7M
Debt
$150K
Private Equity (2017): $1.7M with participation from Stupski Foundation, Tipping Point Community, Dignity Health, John S. and James L. Knight Foundation, and The Kresge Foundation
Debt (2020): $150K led by PPP
Key Investors in One Degree
Stupski Foundation
The Stupski Foundation is a philanthropic organization focused on food justice, health, and postsecondary success, aiming to return resources and decision-making power to communities. They prioritize spending down their resources to create lasting change in Hawaii and the San Francisco Bay Area.
Tipping Point Community
Tipping Point Community is a nonprofit dedicated to combating poverty in the San Francisco Bay Area by funding and strengthening effective solutions in housing, education, and employment. They aim to create pathways to prosperity and address the root causes of poverty.
John S. and James L. Knight Foundation
The John S. and James L. Knight Foundation invests in journalism, arts, and city success, aiming to foster informed and engaged communities. Their work supports initiatives that strengthen democracy and civic life.
What's next for One Degree?
The recent strategic investment and the overall enterprise-level capital infusion suggest One Degree is in a growth phase, likely focused on scaling its technological infrastructure and expanding its reach. This backing will enable the organization to further refine its platforms, enhance its service offerings, and potentially forge new partnerships to address the complex challenges of poverty and housing instability in the Bay Area and beyond. The organization's strategic use of technology positions it as a key player in the nonprofit sector, poised for continued impact.
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