{"data":{"type":"company_profile","id":203113,"entity_id":"wefunder:company:203113","attributes":{"canonical_url":"https://wefunder.com/kindora","generated_at":"2026-08-05T13:53:24Z","updated_at":"2026-08-04T23:53:52Z","entity_ids":{"company":"wefunder:company:203113","slug":"wefunder:company_slug:kindora"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":false,"privacy_mode":"unlisted","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-08-05T13:53:24Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-08-04T23:53:52Z","as_of":"2026-08-05T13:53:24Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-08-04T23:53:52Z","as_of":"2026-08-05T13:53:24Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2026-07-23T16:23:21Z","as_of":"2026-08-05T13:53:24Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2026-07-23T16:23:21Z","as_of":"2026-08-05T13:53:24Z","confidence":"medium"}}},"company":{"id":203113,"entity_id":"wefunder:company:203113","slug":"kindora","name":"Kindora","tagline":"The AI that helps nonprofits get funded.","story":"Meet JustinI'm Justin Steele, Kindora's co-founder and CEO. Before the product and the numbers, you should know who is asking for your trust.I got here partly because programs aimed at kids like me worked. The National Society of Black Engineers helped make me an engineer. Management Leadership for Tomorrow helped carry me to Harvard for an MBA and MPA. I know what well-aimed opportunity feels like from the receiving end, and I've spent my career trying to aim it better: Bain/Bridgespan consultant, Year Up deputy director, then ten years at Google.org directing about $700M in philanthropy across the Americas. Today I serve as a trustee of The San Francisco Foundation. My wife Sally and I co-founded the family camping nonprofit she leads, Outdoorithm Collective, where Kindora was born. Funder, grantee, builder, beneficiary. I'm a mixed-race Black man who has sat in every seat at this table.Google eliminated my role in 2024, after a decade. I've written publicly about that season and what it taught me: a mission that lives inside someone else's structure is only as safe as that structure's incentives. So this time I built the structure first. Kindora is that decision, incorporated. A Public Benefit Corporation with its mission locked in the charter, raising from the community it serves, on terms that can return your capital without ever demanding we sell.I wrote the code, designed the data layer across 219K foundations, closed the first enterprise contracts, and answered the support tickets. That is the bet at the center of this company: AI has collapsed the cost of building, so the people closest to the problems can finally build the tools their fields need. Kindora has one full-time person today. This raise funds the team. But what one person built is your proof that the bet works.Someone is going to prove there's a different way to build and own technology for the social sector. I've sat on every side of that problem. Here's where it started.Why Kindora existsIt started late one night in our Oakland living room, after the kids were asleep. I was hunting for funders for the family camping nonprofit my wife and I run. We had about $33K in the bank and needed $9K for tent heaters. The platform I was paying thousands a year for had just handed me 2,400 funder \"matches\" that would have taken a year to sort through. I had spent ten years directing philanthropy at Google — and I could not find nine thousand dollars.So I built an AI that reasons like a program officer instead of a search engine. In its first test, 90% of those matches vanished as false positives. Near the top of what remained was a foundation run by a professor I had known for years but had never connected to our work. Within 24 hours we had a meeting with its president. Other nonprofit leaders saw it and asked the same question: can I use this? Kindora is the answer.The problemAmericans gave $617 billion to charity last year — a record. Getting to your share of it fails in two places.First, you can't see the money. Most private foundations report they only fund organizations they have already chosen; about one in ten even has a website; the public grant records that do exist arrive twelve to eighteen months late. And the fastest-growing pool isn't public at all — donor-advised funds now hold $328 billion and moved $64.6 billion out last year, disclosed only in aggregate across 1,512 sponsor filings covering 3.59 million accounts, not one of which names the donor behind a gift. You can research a foundation. You cannot research a DAF.Then, you can't reach it. Money moves through relationship networks, and those networks are sorted by geography, race, class, and institutional power. For most nonprofits the capital is already somewhere inside their own network — they can't see who holds it, and even when they can, they have no credible way in. Proximity to the problem and proximity to the money are almost never the same thing.The tools that could bridge either gap — AI grant platforms at $499 to $999 a month, donor-intelligence subscriptions at $4K to $30K a year — cost more than most of these organizations can spend on anything. That's the gap Kindora was built to close: visibility into who holds the money, then a credible path to them.What we builtKindora does the work of a development office. Ask for an outcome in plain language and Kindora returns structured, sourced results: ranked funder matches, drafted letters of intent grounded in each funder's actual giving, warm paths from your board to the people who write checks, and prioritized donor lists with outreach plans. Every result cites its sources.Proof from two real customers:• For Outdoorithm Collective, the nonprofit my wife and I co-founded, one grant opportunity that used to take about 40 hours went from discovery to submission in about 90 minutes. We raised $100K in our first year from the prospecting list Kindora created and the application drafts it provided to us.• In a $32K paid engagement for an unaffiliated Bay Area education fund, Kindora analyzed 33,762 donor contacts and evaluated 1,210 institutional funders, rating 110 a good or ideal fit, to produce a board-ready cultivation strategy.The best diligence is to use it yourself: kindora.co is free to start.Search is the wedge, not the moatAI search is commoditizing, and anyone can put a basic chat box on a grants database. What is defensible today is the live data layer (219K foundations, 7M grant records, 46K open opportunities, 50K URLs re-crawled weekly) and the workflow that carries a nonprofit from discovery through submission. That data layer is increasingly a product in its own right: as of July, third parties can reach it through metered API access, so the asset that powers the app is also becoming a business other builders pay for. What compounds from here is application-outcome and relationship data that no public filing contains.TractionAs of this writing:• 1,777 organizations have joined Kindora; 96 pay. Zero dollars spent on paid acquisition.• Recurring revenue annualizes to roughly $66K (subscriptions plus our first enterprise contract; services counted separately).• Monthly Stripe collections grew from $740 in February to $7,918 in June, including annual prepayments. That is 11x in five months.• $42K of donor-intelligence engagements at 75 to 80% gross margin, contracted through True Steele, our founders' consultancy, while the line moves into Kindora PBC. These are one-time engagements, so they sit outside the $66K recurring figure.• Anthropic featured Kindora as a customer story. Forbes covered us in June.• Our first enterprise contract puts Kindora in the hands of 30 grantees of one of the Bay Area's largest philanthropies.How we make moneyFive revenue lines are live today: nonprofit subscriptions at $25 to $199 a month, consultant plans at $399 a month, foundation enterprise licenses at $5K to $35K a year, donor-intelligence engagements at $10K to $50K, and, as of July, metered API access to our data layer for third-party developers. The strategy in one line: search is the wedge, enterprise is the bet, donor-intelligence services are the bridge, productized donor intelligence is the destination, and the data layer is the platform beneath all of it, turning that $32K engagement into a $2K to $5K self-serve product a small development team can afford. The API line is the newest and smallest today, but it is where our data becomes infrastructure others pay to build on. The market is roughly 400K US nonprofits with budgets between $100K and $5M, plus about 20K staffed foundations.Why nowAI changed what one person can build, and AI marketplaces changed how software reaches customers. Kindora ranked #5 in Claude's connector directory at launch, and our MCP infrastructure has handled more than 125,000 external calls in its first fourteen weeks, including thousands from third-party apps. Until recently those calls were pure top-of-funnel: usage we convert to paid accounts on kindora.co. As of July, we've begun monetizing them directly. Third-party developers can now reach our data layer through metered API access, priced per lookup, which makes the data itself a product and not just the engine behind the app. To be precise about what that means: API revenue is still nascent, brand-new as of this writing, but the direction is deliberate.Why a community roundA grant funds a program; equity funds ownership. Last September I sat at my desk late at night, fifteen clicks deep into Vanguard's withdrawal screens, and moved $100,000 out of our retirement to keep going. I had spent a decade directing philanthropy at Google.org, yet when I went looking for $350K to build technology for the sector I had served, its capital stack had no instrument for a company like this. VCs and private equity came knocking instead. The first believe-in-you check came from Camelback Ventures, a $50K SAFE.This round is the resolution of that story. Mission tech has been stuck between venture capital that needs unicorn economics and grants that rarely fund durable products. Kindora is a Delaware public benefit corporation built for nonprofits and funders, and this round invites that community to own a piece of the infrastructure it uses.If you're an investor who lives in the venture world: there's a direct lane for accredited investors and funds, on the same terms as everyone else. Same paper, same caps. And the cap table stays clean: Wefunder pools community investors into a single SPV that sits as one line on it, so a future priced round — if we ever choose one — looks no different than any other startup's. If you've ever thought there should be more than one way to build and own a company like this, this round is how that gets built. We'd be glad to have you.The terms, in plain EnglishWe are raising on a standard post-money SAFE — the same agreement most startup investors already know — with one added feature: a capped revenue-share right. The documents were finalized with Wefunder and securities counsel. The first $150K invested on Wefunder receives a $10M valuation cap, the same terms as our anchor investors; investments after that are at a $12M cap.Most startup investments have one way to pay you. This one has two. The SAFE converts per its terms in a future priced financing and carries the liquidity-event rights stated in the contract. Separately, once Kindora passes $1M in annual recurring revenue, 3% of gross revenue is distributed quarterly, pro rata across the investor pool, until the pool has collectively received 1.5x its investment. That is a second possible path to a return, not a promised yield: for scale, at $5M of annual revenue the whole pool would receive $150K that year.Which path pays depends on which future arrives. If we raise a priced round or are acquired, the SAFE is your return. If we succeed by staying independent — our stated plan — the revenue share is your return, and the SAFE isn't dead paper: from year three on, any investor can choose to convert it into shares at their cap, trading any remaining revenue-share payments for real equity in that independent company. Neither path nor its timing is guaranteed — and if Kindora never passes $1M ARR, the revenue share simply never activates, leaving the SAFE as your only path to a return. The final contracts and the Form C, not this summary, control the terms.If we raise, you convert to equity at your cap. If we're acquired, you're paid out at your cap. If we stay independent past $1M ARR, 3% of revenue repays the pool to 1.5× — equity intact. Not a guarantee.Why a $10M capFair question at roughly $66K of recurring revenue. For context, SAFE caps at this stage are priced by stage and raise size, not revenue multiples: Carta's 2025 data puts the median valuation cap for rounds raising $250K to $1M at $10M, mostly for pre-revenue companies. That makes this cap the market median for a raise our size, and roughly half the median of a priced AI seed round. The cap prices what has already been de-risked, not today's subscriptions: a production product the company owns outright, the live data layer, 1,777 organizations and 96 payers acquired with zero paid spend, a signed enterprise contract, and distribution inside Claude. What remains unproven is repeatable selling, and that is exactly what this raise funds. The first $150K also invests at the same cap as our anchors; the community does not pay a premium over the insiders.Use of proceedsOn a $1M raise, Wefunder's 7% fee leaves roughly $930K before legal, accounting, and other offering costs; the Form C will show the final numbers. The core product and data layer are live, so we are not raising to find out whether the product can be built. This capital funds go-to-market: a first go-to-market hire, customer support and operations, then account executives as the sales motion proves repeatable, plus working capital to serve enterprise contracts well. And to answer the question every founder gets asked here: yes, operations includes a modest salary for me, so this company has a full-time founder.Put plainly, this raise is how Kindora stops running on one person.TeamI built the core product, and the company owns its intellectual property. My co-founder Karibu Nyaggah, a Harvard MBA who led AI transformation for the Meta Ops team, has moved to a strategic advisor role and advises on strategy, go-to-market, and operations.Data stewardshipOur customers trust us with donor data. Every organization's data is isolated to its own tenant. We do not pool customer data across organizations, and we do not train shared models on it.If you investExpect quarterly investor updates, an annual financial summary, and our annual public benefit report as a public benefit corporation.The risks, honestlyCompany-specific first:• Free-to-paid conversion is still being proven at scale.• Claude is an important marketing channel we do not control.• Our grant-outcome data needs time to mature.• The team is currently concentrated in me.Structural:• This is patient, long-horizon, illiquid capital. There is no secondary market.• A return depends on revenue growth or a liquidity event that may not occur.• Invest only what you can comfortably afford to lose.And one risk is a choice rather than an accident. Our first check came from a venture fund, and venture investors are in this round. What we've built away from is dependency on traditional high-growth venture capital — growth funded by revenue, no Series A on the roadmap unless scale genuinely requires one. Know that a crowdfunded cap table can narrow traditional financing options later. We accepted that trade for independence and community ownership. Weigh it before you invest.What I can tell you is that the problem is real, I have lived it, and early customers show that nonprofits and foundations will pay. The product is built. We're raising to sell it.Other Helpful ResourcesAnthropic Customer StoryForbes - Ownership Funds The Future","location":"Oakland","website":"https://www.kindora.co/en","total_amount_raised":0,"total_investors":0,"is_funded":false,"is_active":false,"quality_score":4,"related_urls":["https://wefunder.com/kindora","https://www.kindora.co/en"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/203113/xxl_avatar.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/203113/large_avatar.jpg","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/203113/standard_avatar.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/203113/standard_avatar.jpg","pitch_deck_url":"https://wefunder.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MjAzMzY0MCwicHVyIjoiYmxvYl9pZCJ9fQ==--661826a5dda0a97efe8537ca5fb309451efc49ba/Kindora_Investor%20Pitch%20Deck.pdf","pitch_deck_filename":"Kindora_Investor Pitch Deck.pdf"},"links":{"company_url":"https://www.kindora.co/en"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"96 paying organizations and ~$66K ARR run-rate, 9x paying growth in five months"},{"index":2,"claim_id":"claim-fact-2","value":"1,777 organizations on the platform, 13x growth in seven months, $0 spent on paid acquisition"},{"index":3,"claim_id":"claim-fact-3","value":"Early-bird: the first $150K invests at a $10M cap, the same terms as our anchor investors"},{"index":4,"claim_id":"claim-fact-4","value":"First enterprise contract signed: 30 nonprofit seats with a major Bay Area philanthropy"},{"index":5,"claim_id":"claim-fact-5","value":"Data layer is now a product: metered API launched in July, 125,000+ agent/app calls in 14 weeks"},{"index":6,"claim_id":"claim-fact-6","value":"Founder directed ~$700M in philanthropy at Google.org over a decade"},{"index":7,"claim_id":"claim-fact-7","value":"Featured by Anthropic: published case study, #5 trending at launch in the Claude marketplace"},{"index":8,"claim_id":"claim-fact-8","value":"Featured in Forbes: \"Grants fund programs. Ownership funds the future.\""}],"team":[{"id":6701865,"entity_id":"wefunder:company_role:6701865","user_entity_id":"wefunder:user:5148113","role":"founder","name":"Justin Steele","title":"Co-Founder \u0026 CEO/CTO","bio":"Built the product and owns the codebase. Directed ~$700M in philanthropy at Google.org over a decade. Deputy Director at Year Up. Bain \u0026amp; Bridgespan alum. Harvard MBA/MPA, UVA engineering.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/6701865/square_avatar.jpg?1784083765","profile_url":"https://wefunder.com/justinrsteele","linkedin_url":"https://linkedin.com/in/justinrichardsteele/","related_urls":["https://wefunder.com/justinrsteele"]},{"id":6715859,"entity_id":"wefunder:company_role:6715859","role":"founder","name":"Karibu Nyaggah","title":"Co-Founder \u0026 Strategic Advisor","bio":"Advises on strategy, go-to-market, and operations. Previously led AI Transformation for the Meta Ops team. Co-founded Sinapis, scaling programs for 7,000+ entrepreneurs across 6 countries. World Bank consultant. Harvard MBA.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/6715859/square_avatar.jpg?1784011602","linkedin_url":"https://linkedin.com/in/karibu/","related_urls":[]}],"featured_investors":[{"id":13692,"entity_id":"wefunder:company_investor_profile:13692","investor_profile_id":3657778,"investor_profile_entity_id":"wefunder:investor_profile:3657778","subject_entity_id":"wefunder:notable_investor:10162","name":"Camelback Ventures","role_title":"CEO","bio":"New Orleans-based accelerator investing early in underestimated founders. Kindora's first check. Camelback Fellows have raised $432M+ in follow-on funding and reached 6 million people.","avatar_url":"https://wefunder.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTk3MTMwMSwicHVyIjoiYmxvYl9pZCJ9fQ==--44576d13429b05181bd7bd5ff48c52c098a841ab/avatar.jpg","profile_url":"https://wefunder.com/camelback.ventures","endorsement_quote":"Justin is exactly what we mean when we say the people closest to the challenges are closest to the solutions. He spent a decade directing philanthropic capital at Google.org, then built the tool the sector was waiting for. We believed and invested early because Kindora is what building differently looks like.","endorsement_name":"Shawna Young","is_lead_investor":false,"related_urls":["https://wefunder.com/camelback.ventures"]}],"investor_memos":[],"tab_counts":{"posts":0,"ask_questions":0,"featured_investors":1,"faq_entries":0},"active_fundraises":[{"id":169342,"entity_id":"wefunder:fundraise:169342","state":"open","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"","currency":"USD","testing_the_waters":true,"min_purchase":100,"max_purchase":9,"funding_target":1235000.0,"minimum_target":"50000.0","maximum_target":"1235000.0"}],"latest_fundraise":{"id":169342,"entity_id":"wefunder:fundraise:169342","state":"open","offering_type":"4(a)(6)","structure":"ttw","testing_the_waters":true,"can_invest_now":true,"funding_started_at":null,"funding_closed_at":null,"terms":{"eb":null,"nb":null,"txt":null}},"recent_posts":[],"q_and_a":[],"faq":[]}}}