EverGive Company Profile

Background

Mission and Vision

EverGive is dedicated to transforming charitable giving by creating a sustainable model where donations not only provide immediate assistance but also grow over time, ensuring long-term support for charitable causes.

Primary Area of Focus

The company focuses on leveraging cryptocurrency investments, specifically Bitcoin, to enhance the impact of charitable donations. By investing contributions into Bitcoin, EverGive aims to generate continuous returns that fund charitable initiatives indefinitely.

Industry Significance

EverGive introduces an innovative approach to philanthropy by integrating digital assets into the donation process, offering a novel solution to the traditional challenges faced by charities and donors.

Key Strategic Focus

Core Objectives

Sustainable Giving: Establish a model where donations generate ongoing support for charities.

Investment Growth: Utilize Bitcoin's growth potential to amplify the value of donations.

Transparency and Security: Ensure clear reporting and secure management of funds.

Areas of Specialization

Cryptocurrency Investments: Focusing on Bitcoin to maximize donation growth.

Donor-Advised Funds (DAF): Collaborating with DAFs to manage and distribute funds effectively.

Key Technologies Utilized

Blockchain Technology: Leveraging the transparency and security features of blockchain for fund management.

Digital Payment Platforms: Utilizing platforms like Stripe for secure donation processing.

Primary Markets Targeted

Individual Donors: Individuals seeking to make a lasting impact through their charitable contributions.

Charitable Organizations: Nonprofits looking for sustainable funding solutions.

Financials and Funding

Funding History

Seed Round (May 2013): Raised $250,000.

Seed Round (February 2014): Raised $750,000, totaling $1 million in seed funding.

Convertible Debt (March 2015): Secured additional funding through convertible debt.

Notable Investors

Band of Angels

Signatures Capital

Pear (California)

Utilization of Capital

Funds have been allocated towards platform development, securing partnerships with Donor-Advised Funds, and implementing robust security measures for fund management.

Pipeline Development

Key Initiatives

Platform Launch (February 2025): Public launch of the EverGive platform, raising over £1 million and attracting over 1,000 donors.

Beta Testing (January 2025): Conducted beta tests with around 50 participants to gather feedback and refine the platform.

Proof of Concept (January 2024): Tested the concept with donors on the MyTenNights platform, resulting in hundreds of sign-ups and monthly donors.

Target Conditions

Addressing the inefficiencies in traditional charitable giving by providing a model that offers sustainable, long-term support to charities.

Timelines for Milestones

2024: Proof of concept and initial testing.

2025: Beta testing and public launch of the platform.

Technological Platform and Innovation

Proprietary Technologies

Donor-Driven Investment Fund: A unique model that invests donations into Bitcoin to generate continuous returns for charities.

Significant Scientific Methods

Blockchain Utilization: Employing blockchain technology to ensure transparency and security in fund management.

Leadership Team

Ismael Dainehine – Founder & CEO

With over seven years of experience in the charity technology sector, Ismael previously co-founded MyTenNights, helping raise over £100 million for causes worldwide. He is committed to transforming charitable giving through innovative solutions.

Leadership Changes

As of the latest available information, there have been no recent significant changes or appointments within EverGive's leadership team.

Competitor Profile

Market Insights and Dynamics

The charitable giving sector is evolving with the integration of technology, leading to the emergence of platforms that offer innovative solutions for donors and charities.

Competitor Analysis

Evergive (Acquired by OneParish in 2016): Provided a mobile application facilitating impulse donations through iPhone and Android devices.

Evergiving: Offers fundraising software solutions for nonprofits, focusing on donor management and campaign tools.

Givergy: Provides fundraising and donation management tools, serving over 500 companies globally.

Strategic Collaborations and Partnerships

Donor-Advised Fund (DAF) Partnerships

EverGive collaborates with DAFs to manage and distribute charitable funds, ensuring secure and responsible fund management.

Operational Insights

Strategic Considerations

Market Position: EverGive differentiates itself by integrating cryptocurrency investments into charitable giving, offering a unique value proposition.

Competitive Advantages: The use of Bitcoin for donation growth and the partnership with DAFs provide a sustainable and transparent model for donors and charities.

Strategic Opportunities and Future Directions

Strategic Roadmap

Platform Enhancement: Continuously improving the platform based on user feedback and technological advancements.

Expansion of Partnerships: Building relationships with more charities and donors to broaden the impact.

Opportunities for Expansion

Global Reach: Extending services to donors and charities worldwide, leveraging the borderless nature of cryptocurrency.

Diversification of Investments: Exploring additional investment avenues to further enhance donation growth.

Positioning for Future Objectives

EverGive's innovative approach positions it to lead the transformation of charitable giving, offering sustainable and impactful solutions for the future.