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FUNDRAZR is a Canadian crowdfunding site and Facebook app first released in 2009. It allows users to begin crowdfunding campaigns by creating pages and/or embed fundraising apps on their Facebook pages to raise money for causes such as medical care, memorials, and animal rescue causes.

CONTENTS

* 1 History * 2 Business model * 3 Awards * 4 Notable projects * 5 References * 6 External links

HISTORY

FundRazr
FundRazr
was founded in 2008 by Daryl Hatton . The head office is located in Vancouver, British Columbia , Canada. The platform was initially a Facebook app that allowed users to crowdfund money over Facebook. It has since developed into a full online fundraising tool set.

FundRazr
FundRazr
was the first crowdfunding platform to provide a collaborative community payment model, wherein funds are deposited directly to a company or cause—an example of which is their partnership with Heritage Education Funds to allow families to crowdfund directly to a Registered Educations Savings Plan (RESP).

In November 2015, FundRazr
FundRazr
partnered with Place2Give to enable users to crowdfund directly for any registered charity in North America capable of issuing tax receipts directly from FundRazr
FundRazr
using the GIVE_api.

BUSINESS MODEL

FundRazr
FundRazr
uses the donation/perks crowdfunding model, where users keep everything they raise minus the 5% transaction fee. A fee is not charged if no fund is raised. FundRazr
FundRazr
allows users to create a campaign page for their cause. The page can then be shared through social media , email or embedded onto a third-party website to solicit donations from supporters. Supporters contribute to a cause through comments, shares, likes, and donations, which are all visible on Facebook. FundRazr
FundRazr
is in partnership with PayPal
PayPal
which allow users to deposit and withdraw funding.

On 20 August 2013, FundRazr
FundRazr
introduced " Crowdfunding
Crowdfunding
as a Service" technology, which allows web publishers and companies to run crowdfunding service on their site. FundRazr
FundRazr
subsequently announced its first official PoweredBy partner, HealthLine
HealthLine
on 17 December 2013.

As of 2013, illness, medical and health-related causes represent 58% of money raised. Memorials/tributes represents another 12%. On 28 February 2013, Fundrazr announced that it had raised $20 million for its users. In May 2013, FundRazr
FundRazr
announced that it had raised $25 million from 37,000 campaigns. As of March 2014, FundRazr
FundRazr
has raised $44 million.

AWARDS

* 2015 Vancouver
Vancouver
UX Awards Nominee - UX for Good * 2013 UK Trade and Investment
UK Trade and Investment
Global Competition Winner * 2013 BCTIA Technology Impact Award - Most Promising Start-up * 2013 Vancouver
Vancouver
Social Media Award - Best Social Media Campaign (non-profit) * 2013 #30 on Profit`s Hot 50 Rankings * 2014 CFWR Top UK Donation and Reward Crowdfunding
Crowdfunding
Site

NOTABLE PROJECTS

RANK TOTAL RAISED PROJECT START PROJECT DESCRIPTION

1 $2,371,889 August 2016 The Sacred Stone Legal Defense Fund raised over $2 million in 90 days to fund the legal defense for the #NODAPL protesters of the Dakota Access Oil Pipeline.

2 $1,278,999 October 2015 Researchers at the American Gut Project, the world’s largest crowdsourced, crowdfunded science project, has raised more than $1 million from over 6,500 “citizen scientists” who have agreed to have their microbiomes sequenced.

3 $1,007,356 March 2012 Professional Gamer Athene's project Operation Sharecraft raises over $1 Million (including a matching grant of $500,000 from DC Entertainment ) for East African Relief by Save the Children
Save the Children
.

4 $414,869 July 2011 Wikileaks
Wikileaks
Staff Legal Defence Team raises £233,650 as of 7 November 2013 for Wikileaks
Wikileaks
staff costs and Julian Assange
Julian Assange
's legal defence.

5 $256,740 October 2016 Water Protector Legal Collective partnered with the National Lawyers Guild to raise money for the #NoDAPL protests in North Dakota.

6 $181,346 November 2016 Over $181,000 raised in a peer-to-peer campaign by Aprons for Gloves Boxing Association to support Vancouver's Downtown East Side.

7 $110,536 November 2015 Over $110,000 raised for Peterborough Mosque that was attacked and burnt.

8 $107,742 November 2013 Over $100,000 raised for Australian King Hit victim.

9 $103,034 December 2013 Over $100,000 raised for father with incurable brain cancer

10 $103,014 August 2013 Wikileaks
Wikileaks
Staff Legal Defence Team raises $63,969 as of 7 November 2013 for Edward Snowden
Edward Snowden
's legal defence

11 $97,969 July 2013 Almost $90,000 raised for single mother who lost 3 limbs in a dog bite accident

12 $93,402 April 2012 Over $90,000 raised for Tiger Woods
Tiger Woods
' foundation to send 10 deserving students to college

13 $59,778 October 2016 The Heiltsuk First Nation of Bella Bella raised nearly $60,000 to cover the costs of a diesel spill in their waters.

14 $30,544 October 2013 Over $30,000 raised for "good hearted boy",who used the money to pay off overdue lunch accounts in local elementary schools.

REFERENCES

* ^ Ivor Tossell, “ FundRazr
FundRazr
pushes crowdfunding to next level with social platform”, The Globe and Mail
The Globe and Mail
, 7 October 2013. * ^ Knowlton Thomas, “Exclusive Interview: Vancouver\'s FundRazr raises the bar with monumental PayPal
PayPal
and Facebook collaboration” Techvibes, 8 August 2010. * ^ " Crowdfunding
Crowdfunding
for RESPs: Toronto company launches ‘simple solution’ to raise money for child’s education" Financial Post, 2 December 2015. * ^ "FundRazr, Dexterity Ventures to Launch Partnership on National Philanthropy Day" TechVibes. 10 November 2015. * ^ Stephen Hui, “ Vancouver
Vancouver
startups put a new spin on crowdfunding”, Straight.com, 27 November 2012 * ^ Nelson Bennett, “ Social media
Social media
harnessed to raise investment dollars”, Business Vancouver, 24 July 2012 * ^ Kate Taylor, “6 Top Crowdfunding
Crowdfunding
Websites: Which One Is Right For Your Project?”, Forbes
Forbes
, 6 August 2013. * ^ “Exclusive Interview: Vancouver\'s FundRazr
FundRazr
raises the bar with monumental PayPal
PayPal
and Facebook collaboration” Knowlton Thomas, Techvibes, 8 August 2010. * ^ Rob Lewis, “ FundRazr
FundRazr
Introduces Crowdfunding
Crowdfunding
as a Service” Rob Lewis, Techvibes, 20 August 2013. * ^ Joseph Czikk , “VANCOUVER’S FUNDRAZR TO HELP AMERICANS CROWDFUND HEALTHCARE COSTS” Joseph Czikk, Betakit, 17 December 2013. * ^ Sumari MacLeod, "Vancouver\'s Fundrazr Hits $20 Million in Donations", Techvibes,28 February 2013 * ^ Cheryl Alkon, "\'Crowdfunding\' sites pay medical bills, raise hopes", USA Today, 18 January 2013 * ^ Lauren Dugan, “ PayPal
PayPal
Makes Online Fundraising a Social Experience with FundRazr”, SocialTimes, 19 August 2010 * ^ Hansen, Evan; Tate, Ryan (1 November 2012). "Can Facebook Army Supercharge Nonprofit Fundraising? First Test: Sandy". Wired . Retrieved 13 November 2012. * ^ Dianne Buckner, " Crowdfunding
Crowdfunding
websites trying to cash in on crowded field", CBC,18 June 2013 * ^ Charles Luzar, "FundRazr: $25 Million Raised For 37,000 Crowdfunding
Crowdfunding
Campaigns Since 2010", Crowdfund
Crowdfund
Insider,21 May 2013 * ^ Bret Conkin, "The Funding Continuum Enters Stage Left", Crowdfund
Crowdfund
Insider,27 March 2014 * ^ "UX for Good", Vancouver
Vancouver
UX Awards ,1 December 2015 * ^ "Canadian innovation heads to the UK", GOV.UK,12 July 2013 * ^ Cassandra Leger, " FundRazr
FundRazr
Crowdfunding
Crowdfunding
Platform Named Most Promising Startup At The Technology Impact Awards", Right Startups ,10 July 2013 Archived 19 March 2015 at the Wayback Machine
Wayback Machine
. * ^ Sumari MacLeod, "http://www.techvibes.com/blog/the-good-and-the-bad-of-the-2013-vancouver-social-media-awards-2013-04-01", Techvibes ,1 April 2013 * ^ " FundRazr
FundRazr
(ConnectionPoint Systems Inc.)", ProfitGuide ,2013 * ^ "Four Stars and Top International Honors", Crowdfunding
Crowdfunding
Website Reviews Dec 2014 * ^ "7 Ways to Support Standing Rock\'s Protest Against the Dakota Access Pipeline". Harper's BAZAAR. 2016-11-23. Retrieved 2016-12-01. * ^ "Sacred Stone Legal Defense Fund". FundRazr. Retrieved 2016-12-01. * ^ “American Gut Project Crowdfunds $1 Million to Study the Human Microbiome”, UC San Diego News Center, 29 October 2015. * ^ Kate Cox, “Gaming Provocateur Aiming to Raise $1 Million for Humanitarian Aid”, Kotaku
Kotaku
, 27 March 2012 * ^ John Hudson, “Why WikiLeaks Is Raising Money Using MasterCard and PayPal
PayPal
Again”, The Atlantic
The Atlantic
Wire, 2 March 2011. * ^ "Water Protector Legal Collective, formerly Red Owl". FundRazr. Retrieved 2016-12-01. * ^ “Faith manages: Peterborough rebuilds as mosque fire deemed a hate crime”, Globe and Mail
Globe and Mail
, 17 November 2015. * ^ Emma-Jayne Schenk, “Ongoing battle for king hit victim Matt Scarff”, Bendigo Advertiser
Bendigo Advertiser
, 4 January 2014. * ^ Amy Remeikis, “Homecoming for Rome Torti”, Brisbane Times
Brisbane Times
, 3 January 2014. * ^ “WikiLeaks launches site for Edward Snowden\'s legal defense” Adrianne Jeffries, The Verge, 28 October 2013. * ^ “Ottawa mother loses 3 limbs after dog bite infection” CBC News, CBC News, 21 July 2013. * ^ “How an Ottawa mother lost three limbs to rare dog bite infection, but not her spirit” Sarah Boesveld, National Post, 22 July 2013. * ^ Tiger Woods
Tiger Woods
Foundation, “ Help send 10 deserving students to college”, Tiger Woods
Tiger Woods
Foundation, 19 April 2012. * ^ "Support Heiltsuk Efforts in Diesel Spill". FundRazr. Retrieved 2016-12-01. * ^ News, Elizabeth McSheffrey in; 2016, Energy October 18th (2016-10-18). "First Nation considering lawsuit after diesel spill destroys clam beds". National Observer. Retrieved 2016-12-01. * ^ “\'Good-hearted boy\': 8-year-old pays off overdue lunch accounts”, Today (U.S. TV program)
Today (U.S. TV program)
, 4 March 2014.

EXTERNAL LINKS

* Official website

* v * t * e

Crowdfunding
Crowdfunding
platforms

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