CommunityBound announced the launch of its $750,000 non-brokered equity fundraising effort. The offering is expected to close within a year. Up to this point CommunityBound had raised an estimated $23,000 via one financing round.
The company is developing a mobile and web application (app) to facilitate the communication between volunteers and non-profits. The app provide users with a range of tools for pairing organizations with volunteers and completing programs and projects.
There are other similar applications in the market, in late May, GIVINGtrax, a company which provides web and mobile tools for managing donations, corporate giving, cause marketing, volunteerism and fundraising, raised $20,000.
CommunityBound, registered in 2013, is headquartered in Austin TX. It is led by James Jackson Leach (Co-founder and CEO). Revenues were not available for the latest reporting period. The executive team includes Rey Ximenes (Co-founder and COO).
Industry: Other Technology
Amount offered: $750,000