Bono Backs Omaze, a Charity Fundraising Platform Used by Billionaire Richard Branson

Michaella Huck

Michaella Huck is an editorial intern at dot.LA. She's a senior at California State University, Northridge, where she majors in broadcast journalism and minors in Africana studies. Over the course of her college career, she has found a love for student media; she currently works as the editor at the Daily Sundial, a magazine highlighting the issues affecting students.

Omaze co-founders Matthew Pohlson (left) and Ryan Cummins.

Charity fundraising platform Omaze, which offers celebrity meet-and-greets and other fundraising experiences, landed its most high profile client this year: billionaire Richard Branson. Now it's hoping to take off.

Omaze announced on Thursday it raised $85 million in a Series C funding round led by Louis Bacon's Moore Strategic Venture along with high-profile investors, including singer Bono, actress Kerry Washington, football star Tom Brady and Reddit co-founder Alexis Ohanian.


The company promises nonprofits that it can raise far more money than traditional galas or other fundraising events with their star-studded online campaigns — which have included celebrities such as Michelle Obama and Oprah — and prizes like a custom tiny home or a Lamborghini blessed and signed by Pope Francis.

Omaze organizes the campaigns and handles the marketing, content and outreach. The Culver City-based company works with the Charities Aid Foundation America and says it has raised about $150 million for over 400 charities. Omaze estimates on its website that its cut averages about 12% to 20% percent of all donations, regardless of the campaign.

"By offering everyone the opportunity to win a $5M house or go to space, we can fund the causes creating opportunities for the underserved," said CEO and co-founder Matt Pohlson in announcing the raise. "This funding empowers us to expand our prizing and donor base internationally."

Earlier this year, Branson launched a sweepstake on its platform to win a seat on the Virgin Galactic VSS Unity, the same spacecraft that carried him into space in July. The winner has yet to be announced.

Launched in 2012, the company began offering travel and one-of-a-kind cars in 2019 and has boasted 100% percent growth since. It competes against companies like GoFundMe, which also offers fundraisers but mostly appeals to individuals trying to raise funds for friends and family. Another fundraising platform, Arizona-based RallyUp, works with charities to build out their events online.

Other investors include FirstMark Capital — which led a $30 million round in August 2020 — along with Wndrco, Telstra Ventures, Causeway Media Partners, Mockingbird Ventures, BDMI and Pegasus Tech Ventures.

Subscribe to our newsletter to catch every headline.

Cadence

How Real-Time Data Is Helping Physicians Track Their Patients, One Heartbeat at a Time

S.C. Stuart
S.C. Stuart is a foreign correspondent (ELLE China, Esquire Latin America), Contributing Writer at Ziff Davis PCMag, and consults as a futurist for Hollywood Studios. Previously, S.C. was the head of digital at Hearst Magazines International while serving as a Non-Executive Director, UK Trade & Investment (US) and Digital Advisor at The Smithsonian.
How Real-Time Data Is Helping Physicians Track Their Patients, One Heartbeat at a Time

Are you a human node on a health-based digital network?

According to research from Insider Intelligence, the U.S. smart wearable user market is poised to grow 25.5% in 2023. Which is to say, there are an increasing number of Angelenos walking around this city whose vital signs can be tracked day and night via their doctor's digital device. If you've signed up to a health-based portal via a workplace insurance scheme, or through a primary care provider's portal which utilizes Google Fit, you’re one of them.

Do you know your baseline health status and resting heartbeat? Can you track your pulse, and take your own blood pressure? Have you received genetic counseling based on the sequencing of your genome? Do you avoid dairy because it bloats, or because you know you possess the variant that indicates lactose intolerance?

Read moreShow less

Who Will Win LA's E-scooter Wars?

Maylin Tu
Maylin Tu is a freelance writer who lives in L.A. She writes about scooters, bikes and micro-mobility. Find her hovering by the cheese at your next local tech mixer.
Who Will Win LA's E-scooter Wars?
Evan Xie

Los Angeles — it’s not just beautiful weather, traffic and the Hollywood Walk of Fame — it’s also the largest shared micromobility market in the U.S. with six operators permitted to deploy up to 6,000 vehicles each.

And despite the open market policy, the competition shows no signs of slowing down.

Read moreShow less
RELATEDEDITOR'S PICKS
LA TECH JOBS
interchangeLA
Trending