What is One Degree?
One Degree is a San Francisco-based nonprofit organization dedicated to empowering individuals and communities to overcome poverty through modern, tech-driven solutions. The organization operates www.1deg.org, a platform that makes thousands of local, poverty-fighting nonprofits and social services accessible to families in need. Additionally, One Degree is working to improve housing stability through its initiative, OneHomeBayArea.org, which facilitates access to affordable housing options. The company's focus on leveraging technology to streamline access to essential services positions it as a key player in the social impact sector.
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 The Kresge Foundation, Stupski Foundation, John S. and James L. Knight Foundation, Dignity Health, and Tipping Point Community
Debt (2020): $150K led by PPP
Key Investors in One Degree
The Kresge Foundation
The Kresge Foundation is a philanthropic organization focused on fostering economic and social change, particularly in American cities, by building and strengthening pathways to opportunity for low-income individuals. They utilize grants, loans, and investments to address structural barriers to equality and justice.
Stupski Foundation
The Stupski Foundation is dedicated to returning resources and decision-making power to communities, concentrating on food justice, health, and postsecondary success. They aim to spend down all their resources by 2029, empowering those closest to community challenges to drive lasting change.
John S. and James L. Knight Foundation
Knight Foundation invests in journalism, the arts, and the success of cities, aiming to foster informed and engaged communities essential for a healthy democracy. Their work supports local initiatives and strengthens civic life.
What's next for One Degree?
The recent major strategic investment suggests One Degree is poised for significant scaling and expansion of its technological infrastructure and outreach programs. This capital infusion will likely enable the organization to enhance its platform's capabilities, broaden its network of partner nonprofits, and deepen its impact in providing pathways out of poverty. Future initiatives may focus on further integrating housing solutions and expanding its reach to more communities, solidifying its position as a leader in innovative social services.
See full One Degree company page
