About Funderful
Funderful is a Government & Social Sector company based in Boston (United States) founded in 2013, and was acquired by RNL in February 2019. Online fundraising tools are supplied to nonprofits and universities. Funderful has raised $167.51 thousand across 4 funding rounds from investors including Ruffalo Noel Levitz, Imprimatur Capital Fund Management and Wiser Financial Advisors. The company has 135 employees. Its Indian entity Ul Quality Assurance Private Limited reported revenue of ₹30.74 Cr. The company was acqui-hired. Its focus areas include Enterprise Applications, Nonprofit Tech, Fundraising and Software. Its competitors include OneCause, Snap Raise and Givebutter; 3 of its 3 listed competitors have raised funding.
Company details
Funderful was founded in 2013 in Boston, United States, within the fintech sector focused on nonprofit fundraising. Tools for online campaigns are provided to universities and organizations, incorporating features such as creative themes, sharing capabilities, milestone challenges, pooled prizes, and social media integration. Operations serve clients including Wolfson College, The Rhodes Trust, London Business School, and Keble College, supporting global nonprofit initiatives from a U.S. base.
- Headquarters Boston, United States
- Employees 135
- Stage Acquired
- SectorsGovernment & Social Sector
- Email••••••••
- Phone•••• ••••
- Website funderful.com
- Social LinkedIn X Facebook
- Acquired by RNL (Feb 2019)
- Legal Name Ul Quality Assurance Private Limited
- Date of Incorporation 13 Apr, 2006
- Jurisdiction Whitefiled, Karnataka, India
- Indian entity revenue₹30.74 Cr
FY 2018 · +17% YoY
- Indian entity net profit₹7.08 Cr
FY 2018 · 23% margin
- Indian entity EBITDA₹7.24 Cr
FY 2018 · 24% margin
- Total Equity Funding$167.51K (USD)
in 4 rounds
- InvestorsRuffalo Noel Levitz
& 4 more
- Employee Count135
- Acquired byRNL
(Feb 2019)
Associated legal entities of Funderful
Funderful operates through Ul Quality Assurance Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2018) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ul Quality Assurance Private Limited CIN U33111KA2006PTC097493 | Amalgamated | 13 Apr 2006 | Whitefiled, Karnataka | ₹30.7 Cr | 135 | 4 | View details |
Funding Insights of Funderful
Funderful has successfully raised a total of $167.51K across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $167,505
- Total Rounds 4
- First Round $167,505
(Sep 2016)
- Investors Count 4
All 4 funding rounds of Funderful with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2018 | Seed | – | Imprimatur Capital Fund Management | – | |
| Feb 2017 | Seed | – | – | ||
| Feb 2017 | Seed | – | 500 Global | – | |
| Sep 2016 | $167,505 | Seed | – | Startup Highway | – |
5 investors in total: 5 institutional.
Investors in Funderful
Funderful has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Ruffalo Noel Levitz, Imprimatur Capital Fund Management and Wiser Financial Advisors.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| icfm.lv | ||||
Seed and early-stage tech investments in Europe are targeted. | wiser.ee | Tallinn, Estonia | ||
Venture capital and acceleration are provided to tech startups. | 500.co | Ho Chi Minh City, Vietnam | ||
StartupHighway is operated as a Baltic startup accelerator and fund. | 2011 | startuphighway.com | Vilnius, Lithuania | |
Fundraising and enrollment management services are provided to educational institutions. | 1991 | ruffalonl.com | Cedar Rapids, United States |
Investor details for Funderful
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Ul Quality Assurance Private Limited (Funderful)
Ul Quality Assurance Private Limited is the primary company behind Funderful. The board of Ul Quality Assurance Private Limited currently have 3 directors; the longest-serving is Sajeev Jesudas, appointed in 2011. 14 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sajeev Jesudas DIN 01893654 | Director | 21 Sep 2011 | 15 yrs 1 mo | Ul Quality Assurance Private Limited |
| Suresh Sugavanam DIN 06743085 | Director | 11 Feb 2014 | 12 yrs 8 mo | Ul Quality Assurance Private Limited |
| Prosenjit Roy DIN 07933111 | Director | 11 Sep 2017 | 9 yrs 1 mo | Ul Quality Assurance Private Limited |
Financials of Funderful
Figures of Ul Quality Assurance Private Limited, the primary company behind Funderful, for FY 2018. Revenue was ₹30.74 Cr (+17% year on year). Net profit was ₹7.08 Cr (23% margin). EBITDA was ₹7.24 Cr (24% margin). Revenue has grown at a compounded annual rate of +22% over three years.
- ₹30.74 CrRevenue · FY 2018 · +17% YoY
- ₹7.08 CrNet profit · 23% margin
- ₹7.24 CrEBITDA · 24% margin
- ₹16.74 CrPaid-up capital
- 135Employees (provident fund records)
- +22%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Ul Quality Assurance Private Limited are on its company page.
Detailed financial statements for Funderful
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Funderful
4 dated milestones of Funderful across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Funderful is founded.
- Funding First funding round of $168K.
- Funding Latest funding round, Seed,.
- Exit Acquired by RNL.
Competitors of Funderful
Funderful has 3 listed competitors in our database, 3 of them funded. They include OneCause, Snap Raise and Givebutter.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| onecause.com | 2007 | Indianapolis, United States | $37.51M | 190 | Cloud-based auction systems for nonprofit fundraising events are managed. | |
| snapraise.com | 2014 | Seattle, United States | $113M | Online fundraising platforms are offered to nonprofit organizations. | ||
| givebutter.com | 2016 | San Diego, United States | $57M | 64 | Cloud-based fundraising platform is offered for nonprofit organizations. |
Detailed competitors of Funderful
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Verified entity values are shown only after access is granted.
Top companies in Nonprofit Tech
3 companies that operate in the same segment as Funderful (Nonprofit Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Funds are raised online for social causes via crowdfunding platform. | 2008 | San Diego, California, United States | ||||
Creative projects are crowdfunded via a cloud-based platform. | 2009 | Brooklyn, New York, United States | ||||
Provider of scalable corporate volunteering programs | 2014 | San Mateo, California, United States | USD 29.05 M | USD 4.79 M | 152 |
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Related news about Funderful
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Frequently Asked Questions about Funderful
Funderful was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Funderful is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Funderful is a funded company, having raised a total of $167.51K across 4 funding rounds to date. The company's 1st funding round was a Seed of $167.51K, raised on Sep 2016.
Funderful has 135 employees.
The primary company behind Funderful, Ul Quality Assurance Private Limited, reported revenue of ₹30.74 Cr for FY 2018, up 17% year on year.
Funderful was founded in 2013 in Boston, United States, within the fintech sector focused on nonprofit fundraising. Tools for online campaigns are provided to universities and organizations, incorporating features such as creative themes, sharing capabilities, milestone challenges, pooled prizes, and social media integration. Operations serve clients including Wolfson College, The Rhodes Trust, London Business School, and Keble College, supporting global nonprofit initiatives from a U.S. base.
Funderful's top competitors include Snap Raise, OneCause and Givebutter.
Funderful has 5 investors. Key investors include Ruffalo Noel Levitz, Imprimatur Capital Fund Management, Wiser Financial Advisors, 500 Global, and StartupHighway.
Funderful operates through Ul Quality Assurance Private Limited.
Yes. Funderful was acquired by RNL in February 2019.
The legal entities of Funderful currently have 4 directors, including Prosenjit Roy, Suresh Sugavanam, Priyanka Sunil Kadam and others.