AXA Strategic Ventures Gives Online Volunteer Site a Big Boost by Leading a $1.3 Million Funding Round
NEW YORK–(BUSINESS WIRE)–September 9, 2015–
AXA Strategic Ventures today announced it has made a significant investment in VolunteerSpot, a free event planning and community engagement platform that saves time, simplifies coordination, and boosts participation with easy-to-use digital sign-up and fundraising tools for parents, teachers and volunteers. VolunteerSpot enables users to select where they want to pitch-in, share or swap tasks, make donations, purchase tickets, sync sign-ups to their online calendars, and send automatic messages and reminders.
More than 7 million families, teachers and involved community members have used VolunteerSpot to participate in over 20 million school and classroom activities and good works in local fundraisers, sporting events, community service projects, potlucks, charity walks and races, and more.
“AXA Strategic Ventures invests in high-growth and high-impact companies like VolunteerSpot that are transforming the way we live,” said Manish Agarwal, General Partner of AXA Strategic Ventures. “We have deep roots in the K-12 education community through our retirement planning services for teachers and school administrators, as well as our philanthropic work through the AXA Achievement Scholarship Program. VolunteerSpot’s commitment to empowering leaders and mobilizing parents matches AXA’s historic commitment to education.”
AXA Strategic Ventures led the $1.3 million funding round to support VolunteerSpot’s continued growth, timing the investment to coordinate with the start of the school year. In addition, Manish Agarwal will be joining VolunteerSpot’s board of directors.
“Parents and teachers are our most passionate champions. We built VolunteerSpot to make it easy for them to coordinate events, motivate volunteers and get the kind of participation they need to succeed. With this investment from AXA Strategic Ventures, we will be poised to reach even more parents, teachers and leaders in our schools and communities,” said Karen Bantuveris, CEO and Founder of VolunteerSpot.
Find out more
See how VolunteerSpot gets more people to sign up and show up at www.volunteerspot.com
About AXA Strategic Ventures
AXA Strategic Ventures is a €200M venture capital fund dedicated to emerging strategic innovations in insurance and financial services. AXA Strategic Ventures invests in startups via seed funding and also provides venture capital for growth companies. The fund currently has seven offices: San Francisco, New York, London, Paris, Zurich, Berlin and Hong Kong.
Launched in 2009, VolunteerSpot is the leading online coordination tool that makes it easy for people everywhere to join together and make a difference in their communities and schools. 7 million parents, teachers, and active community members have saved time (and stress) getting organized with VolunteerSpot’s web and mobile sign-up and fundraising apps. Based in Austin, Texas, VolunteerSpot is privately held and funded by ASV, ffVC and angel investors.
AXA Strategic Ventures:
Discretion Winter, 212-314-2968
Josh Passman, 212-279-3115 x203
Diana Schlott, 512-237-7397 x5
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