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Diversifying your funding is critical to your nonprofit’s stability and ability to achieve your mission. With the ups and downs of the past few years, many nonprofit organizations that were heavily dependent on just one or two funding sources found themselves in a tight spot. Peer-to-Peer and Team Fundraising. Major Gifts.
When there is a flurry of activity that affect the entire industry, such as policy changes that disrupt current and potential funding for hundreds of organizations, you need to take the time to understand the risks for your organization and your grantees. Connect organizations to share resources and make introductions where applicable.
Google.org , the tech giant's philanthropic arm, is investing millions of dollars into getting nonprofits up to speed on generative AI , part of a massive funding effort to empower organizations to adopt the tech, including Google 's own AI offerings. This spans industries including education, health, workforce readiness, and more," she said.
Nonprofits focused on the preservation of local journalism are being called to step up, and many of the country’s largest private foundations have announced $500 million in funding over five years to support them, an extraordinary initiative called Press Forward. What’s the problem? Press Forward seeks to stop and reverse that trend.
In Sarasota County, it destroyed million-dollar homes on barrier islands, impacting the donors nonprofits and foundations rely on for disaster relief funding. It also hit manufactured housing communities, home to many in the tourism and service industries that drive the states economy.
Others found ways to expand the opportunities within existing hometown industries: NCBiotech built pathways to bring more local residents into the Research Triangles booming life sciences sector. The citys locally owned Orion Amphitheater , the nexus of the $2.2 billion Midcity development, has become a strong tourist draw.
Image credit: Jon Tyson on Unsplash The decades-long decimation of local news—and the dangers that the trend poses for public oversight, an informed citizenry, and democracy itself—remains very much underway. Since 2005, some 2,200 local newspapers have closed, according to a press release by the MacArthur Foundation.
However , some venture firms have taken this up a notch by bringing founders to create a fund and invest together. Since the firm’s first fund launched in 2017, MAGIC has invested in 70 companies at pre-seed and seed stages across these emerging markets. MAGIC Fund has 12 founders who act as general partners.
billion ($386 million) cash infusion from two investment firms controlled by the local governments of eastern Chinas Anhui province and its capital city Hefei, where the Chinese electric vehicle maker operates its manufacturing plants, according to public information. The funding is part of a RMB 3.3 NIO has received a RMB 2.8
In Uganda’s Mbale district, famous for its production of arabica coffee , a plague of plastic bags locally known as buveera is creeping beyond the city. But industry experts say it’s difficult to know where plastic ends up or get rid of it completely, even with the best intentions of reuse and recycling programs.
But what are the locals excited about on the ground? Our survey respondents said the city was strong across a broad range of tech industries, particularly those with practical applications: cybersecurity, energy and sustainability, fintech, health care and medtech, edtech and silver tech among others. Gytenis Galkis , partner, 70V.
It’s been estimated that 30% of annual giving occurs between GivingTuesday and December 31, and more than 25% of nonprofits raise nearly 50% of annual funds via year-end monetary donations, according to authors of the Recurring Giving Report. Most industries have digitally transformed to better meet the needs of customers.
But even before the health crises struck, delivery sales at restaurants alone were increasing at a rate of 7% to 8% per year, roughly twice that of sales across the entire restaurant industry, according to McKinsey. ” “Today’s newly announced $20 million Series A capital brings our total funding to $27.8
The Houston Food Bank teamed up with their local ABC affiliate during the Houston power outage and food crisis in February 2021. Local celebrities or anyone who is passionate about your cause can reach more deeply into communities because they are a part of that same community. 1) Text-to-Donate on Facebook.
Despite representing 10% of the world’s GDP, the tourism industry has been one of the last to embrace big data and analytics. The industry has to provide attractive career paths to allow people to build their careers and have long-term stability.” from customer relationship management systems and jobs boards).
Employees across industries are feeling increasingly insecure about their jobs. Add those up and then compare that amount to whats in your emergency fund and figure out how much runway you have to live on with only that money, she says. In recent weeks, tens of thousands of U.S. Practice politely declining invitations, Rebell says.
Reliance Retail has led a $240 million funding round in Google-backed hyperlocal delivery startup Dunzo as the largest Indian retail chain expands to the instant commerce space, a category that has made inroads in the South Asian market in recent quarters. Reliance Retail is investing $200 million in the round for a 25.8%
Individuals or businesses buying furniture in Africa can purchase from local furniture stores or global furniture retailers like IKEA. million in “expansion” funding from Aruwa Capital, a Nigeria-based early-stage growth equity and gender-lens fund. . When Dada launched the platform, its target audience was solely businesses.
For years, tech publications run by local digital media startups have worked hard behind the scenes in placing African startups at the faces of global investors, shaping the narrative of African tech and its build-up to an inflection point last year. million in seed funding to expand its audience and build new verticals.
During her work, she met Jake Soberal, an intellectual property lawyer, who shared Olguin’s desire to leverage the tech industry to effect change at the local level. “Bitwise Industries is working to change entrenched bias and make people in positions of power see that sharing privilege actually strengthens companies.”
However, raising funds for these organizations can present unique challenges. While it is true that the Anglican Diocese of Niagara is fortunate enough to be able to provide some funding support for various programs and ministries, they do not have ‘pools of money’ and operate on a shoe-string budget as many other groups do,” she said.
Zero Foodprint takes the top slot, for funding regenerative farming through a model so simple, it becomes radical: Restaurants, grocers, and food companies are asked to contribute 1% of consumer purchases to directly fund farm conversions. Read more about Zero Foodprint , honored as No.
Artificial intelligence is taking over almost every industry. The investment and finance industry is no exception. Akros Technologies wants to disrupt the current asset management industry via its AI-driven asset management software platform that mines market data for stocks. Akros just raised $2.3 In March, Akros raised $3.75
Now it’s set a goal of investing in 100 more startups with the launch of its second emerging market seed-stage fund, called Seedstars International Ventures II (SIV), with a first close of $20 million. One difference between SIV II and the first fund is that it can writer bigger checks. Another criteria is to back local founders.
Air taxis may still be pie in the sky, but there’s more than one way to move the air travel industry forward. Co-founder James Dorris believes that this fast, stable VTOL craft is the key that unlocks a new kind of local air travel, eschewing major airports for minor ones or even heliports.
Chainalysis For bringing transparency to the crypto industry Chainalysis blockchain data platform targets trust and transparency in the crypto industry. It helped recover more than $11 billion in illicit funds and track nearly $25 billion in criminal transactions.
DeHaat, a startup that offers a wide-range of agricultural services to farmers in India , has raised $60 million in a new funding round as it looks to deepen its penetration in the country and reach break-even profitability within two years. Kumar acknowledged that raising funds in the current market scenario isn’t a walk in the park.
Voltron will be deploying capital to roughly 30 startups, mostly in pre-seed and seed-stage across Africa, in a bid to “address the severe lack of access to early-stage funding for African tech companies.” So, why do things differently now by creating a fund? Some of its biggest clients include OEMs like Oracle.
There are a lot of changes afoot for SpringTime Ventures as it looks to deploy its freshly closed second fund. For one, the Denver-based firm is pivoting away from its original focus on its home state of Colorado, despite being the only localfund in two of the state’s 10 unicorn companies.
“Google Maps is the canvas for local businesses,” he said, and what’s important to both the company and its users is locations, reviews, directions, things like that. “There’s obviously government applications, disaster relief , smart cities, autonomous industries — driving and flying.
Today, one of the startups that has seen a lift in its business as a result of that is announcing a round of funding to expand its operations. “By pre-making food rather than just reheating, we think we can open up reach for a local restaurant.” Tovala gobbles up $20M for its smart oven+meal kit service.
billion (post-money) in eight months following a fresh $135 million funding, it said today, as the Indian cryptocurrency exchange looks to aggressively expand its product offerings and talent base, including some to double down on compliances in the world’s second largest internet market. It gives a good boost to the overall industry.”.
We noted earlier this year that grocery delivery is a tough business to be in , given the competitiveness of the market and later-stage funding drying up for cash-intensive sectors like this one. Even the giants in the industry aren’t immune. That’s why the whole industry has become more rational.
After securing $70 million in funding in April, in September the company announced Modalix, the first edge-computing chips targeted at multi-modal AI. In June 2024, UK and Colorado-based Quantinuum unveiled the industrys largest-ever trapped ion quantum computer, with 56 trapped-ion qubits. billion in 2024 to $54.7
Microtraction , an early-stage venture capital firm based in Lagos, Nigeria, saw funding nearly quadruple for its portfolio. In a review of the year published last week, the firm noted that 21 companies in its portfolio have raised more than $33 million in funding. 2019 saw the local VC firm invest in six companies.
One year after raising $16 million , construction technology company Buildots is back to claim another $30 million, this time in Series B funding. This gives the company $46 million in total funding, Roy Danon, co-founder and CEO of Buildots, told TechCrunch. Germany, Switzerland, Scandinavia and China.
million in seed funding led by CVentures, a corporate venture capital firm based in Egypt. The platform helps local and international brands grow their sales online through their curated marketplace that provides an omnichannel experience to customers: a place where shoppers can find all their fashion needs and exchange products when needed.
The new funding, mPharma co-founder and CEO Gregory Rockson told TechCrunch, will be used to build the startup’s data infrastructure, triple its talent pool over the next three years and support expansion plans in its current and new markets. This is a needed involvement given that countries across sub-Saharan Africa have an average of 0.23
And Heura is taking credit for 80% of local plant-based category growth (although it should be noted that Spain remains one of Europe’s biggest consumers of animal-based meat so growth of alt-proteins is starting from a low base). And today it’s announcing a new €20M bridging funding round, ahead of the expected (beefier) B.
CSR professionals were called upon heavily during COVID-19 to support their local communities and help employees deal with unprecedented circumstances personally and professionally – efforts that have a clear connection to the three impacted SDGs of no poverty, zero hunger, and good health and well-being.
Past event sponsors, mid-level and major donors, and local business owners or entrepreneurs are great places to start when searching for sponsors. Networking opportunities: Exclusive access to networking events, galas, or conferences hosted by the nonprofit, fostering connections with industry leaders. By donating.
“We are very excited to partner with the Good Glamm Group to disrupt the beauty and personal care industry and this marks our first investment in the DTC category. It’s now time India joins that club and sets new charts,” he said. They have a lot of credit to give to Nykaa for paving the way.
But two months into 2020, the pandemic did an excellent job of lowering expectations as investment activities from local and international investors slowed down. What’s a record year of funding without some unicorns? It wasn’t a bad year, though. African startups nearly raised $1.5 billion and $2.8 billion and $2.8
“Many people wanted to make transactions asides from buying and selling of crypto, so we built stuff that could also let them buy local and international airtime and data. Then, due to local bank card limitations of $20 monthly spend, we provided virtual dollar cards for Nigerians to make international purchases.”. CEO Ruth Iselema.
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