GivingWay

Company Overview

Snapshot

Founded in September 2015 by Orit Strauss Raz, Gigi Levy-Weiss, and Alon Elish, GivingWay operated with 11–50 employees. The company raised a total of $2.24M across four funding rounds from three investors. In July 2021, GivingWay secured an A Round of funding from Happiness Capital.

Business overview

GivingWay is an online social network that directly connects nonprofit organizations with volunteers globally, eliminating intermediaries and agent fees. The platform enables nonprofits to manage volunteer and donor engagement, process payments, and enhance their visibility through social media promotion. Volunteers utilize the platform to discover and directly connect with organizations worldwide for volunteering opportunities. GivingWay operates within the Fintech & Insurtech sector, serving both B2B and B2C markets globally.

Strategic signal

GivingWay ceased operations in December 2022, indicating a significant strategic shift for the company. This event signals to investors and innovation teams that the business model or market conditions were not sustainable, leading to the discontinuation of its services.

Company Intelligence Q&A

What is GivingWay's primary business?

GivingWay operates an online social network that connects nonprofit organizations with volunteers globally, facilitating direct engagement and eliminating intermediary fees.

When was GivingWay founded and by whom?

GivingWay was founded in September 2015 by Orit Strauss Raz, Gigi Levy-Weiss, and Alon Elish.

What was GivingWay's last disclosed funding round?

GivingWay's last disclosed funding round was an A Round in July 2021, with Happiness Capital as the investor.

What is the current operational status of GivingWay?

GivingWay is currently non-active, having ceased operations in December 2022.

What products does GivingWay offer?

GivingWay offered two main products: GivingWay, its core platform, and GWPay, likely a payment processing solution integrated within its network.