INVEST
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If you invest, you're betting PloomSocial will be worth more than $10.968M in the future.
Have you ever donated money to a charity and had no idea it went or if it had any impact? Most of the time, all you receive is a donation receipt and a bumper sticker.
While donors know their generosity makes a difference, the process feels faceless and the emotional impact is missed. Donors rarely experience the impact of their gifts, leading to a lack of connection and often resulting in one-time donations. In fact, if 10 people give to a cause, on average, 7 of them will not give again.
Fundraisers, on the other hand, feel the joy of their work but struggle to convey their impact and secure sustained support. Both donors and fundraisers share the goal of making a positive impact but operate from different ends.
PloomSocial bridges this gap through video storytelling, creating a powerful connection by showcasing real stories and tangible results. This emotional connection encourages repeat donations and amplifies the overall impact.
PloomSocial’s core mission is to redefine charitable giving by allowing donors to fully experience the joy of giving and the gratitude that follows.
How do we do that? PloomSocial is a fundraising platform that integrates video storytelling into the philanthropic journey. Our immersive platform empowers non-profits, organizations, and individuals to creatively showcase their causes and the impact of donations, motivating a wider audience to contribute.
PloomSocial makes that missing connection through a new dimension of episodic storytelling where each donation is an immersive experience, not just a transaction. It creates a transparent donation journey for fundraisers and donors as they watch their contributions in action, creating emotional connections through the full lifecycle of the mission.
These videos aren't donation receipts and bumper stickers – they're front-row tickets to real impact!
A better fundraising experience for fundraisers and donors:
PloomSocial is more than just a platform; it's a movement towards more transparent, emotional, and effective giving. We're not just facilitating donations; we're fostering a community of empathy and generosity.
There has been a significant shift in how new generations receive and deliver information. Today's audiences increasingly prefer video content over traditional text and picture-based platforms. Video-based platforms are rapidly taking over, offering more engaging, dynamic, and impactful ways to connect with users.
In a digital era reshaping the way we connect, PloomSocial is a trailblazer blending the power of episodic video storytelling with the simplicity of online donations. Capitalizing on the rise of fundraising through social media, PloomSocial simplifies the process in a one-stop-shop for impact.
As PloomSocial paves the way for the future of engagement, it sets a new standard for the way we connect, give, and make a difference in the world.
Here are some innovative features of PloomSocial:
1. Integrated iOS App and Web Platform:
The platform boasts seamless integration between its iOS app and web interface, emphasizing user-friendly features. This dual-platform approach enhances accessibility and convenience, differing from platforms that may only offer web-based or app-based interfaces.
2. User-Friendly Donation Process:
Users can donate and share campaigns without the need to create a user profile, simplifying the donation process. This contrasts with many crowdfunding platforms that require account creation for engagement, thus lowering the barrier for casual or first-time donors.
3. Social Impact Revenue Sharing with Charitable Partners:
PloomSocial commits a portion of its revenue to charitable partners, amplifying our social impact and differentiating us from other crowdfunding platforms. We also incorporate social impact measurement tools to quantify and communicate the effectiveness of donations, enhancing transparency and trust.
4. AI-Powered Onboarding and Training:
Leveraging AI technology for user onboarding and training ensures a streamlined, efficient user experience, which is a forward-thinking approach not yet widely adopted in the crowdfunding sector.
At the heart of our mission lies the desire to empower both donating communities and others to experience the profound joy of giving – PloomSocial is not just about raising funds but also raising the emotional IQ of philanthropy.
With 1.8M non-profits in the U.S. and $557B in annual donations given, this is a massive market waiting for modernization. Embracing the trends of online fundraising through social media, PloomSocial capitalizes on the growth and simplifies the process, allowing for a larger market share capture.
With our first-mover advantage and proven traction, PloomSocial is poised to lead the market and the transformation of the fundraising landscape towards more engaging, transparent, and effective methods.
Founded in 2022 approaching $1.1M in funding, we hit the ground running and have significant traction to showcase.
We have a fully functional web app and iOS app bringing a secure and engaging place for fundraisers and donors to move money for amazing causes. Our MVP launched in January 2024, and we already have 20 organizations raising on our platform, with another 900 projected for 2024. And that’s just the beginning.
Looking ahead, we anticipate processing over $15 million in donations in FY24 which translates to $1.2M in revenue and $300M in donations the next 36 months which translates to $24M in revenue*, underlining our rapidly growing influence in the digital donation space.
* Forward-looking projections cannot be guaranteed.
Additional detail on our traction:
1. Successful Fundraising in Pre-Seed Round:
Raised over $1.2 million in our pre-seed funding round, a testament to the strong confidence investors have in PloomSocial's potential. This early financial backing not only validates our business model but also sets a solid foundation for future growth and scalability.
2. Development of a Comprehensive Payment Ecosystem:
Built an end-to-end payment system, including full integrations for Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance, ensuring secure, reliable, and legally compliant operations. This enhances user trust and safety while also positioning PloomSocial as a responsible and forward-thinking platform in the financial transaction space.
3. Demonstration of Product-Market Fit:
Successfully garnered commitments from 90 diverse non-profit organizations to use our platform in FY24. This substantial commitment serves as a robust validation of our product-market fit and a strong demand for innovative, story-driven fundraising solutions that PloomSocial uniquely provides.
4. Innovative Social Impact Measurement Tools:
Developed and integrated cutting-edge tools for measuring the social impact of donations made through the platform. These data-driven tools not only track the direct impact of financial contributions but also assess the broader social and community benefits derived from each donation.
With our remarkable traction, we have:
1. Cinderella Closet-OC:
"PloomSocial has transformed our fundraising at Cinderella's Closet! Since partnering with them, we've raised over $7,000 and helped 500 girls shine at prom. The platform's intuitive design and powerful storytelling tools have boosted our donor engagement like never before. PloomSocial makes it easy to showcase the real impact of every donation, creating a deeper connection with our supporters. We're excited to continue using PloomSocial to drive our mission forward. Thank you for making dreams come true!"
- Erin Carlton, Director, Cinderella's Closet
2. Seven Baseball Academy:
"As a parent of a player and the organizer of the fundraising for Seven Baseball Academy, I cannot express enough gratitude for PloomSocial. Through their platform, we were able to raise $2,300 to take our baseball team to the Little League World Series. PloomSocial made the fundraising process seamless and engaging, allowing our supporters to connect deeply with our mission and see the tangible impact of their contributions. Thanks to PloomSocial, our team had an unforgettable experience that will be cherished forever. We are excited to continue using this amazing platform for our future fundraising efforts and highly recommend it to anyone looking to make a difference." Tony Tran
3. Rob Wicker:
Kamarae Wicker, a beloved Special Education Teacher at Linden High School, had a profound impact on her students. In her memory, her family initiated a scholarship fundraiser through PloomSocial, initially aiming for $5,000 but raising it to $25,000 due to overwhelming support. The fundraiser will support students who embody Kamarae's values over the next five years.
Testimonial from Rob Wicker
"PloomSocial's video-based fundraising platform was a tremendous help during our difficult time. It allowed us to speak directly to our friends, family, and community, updating them with ease. The ability to share our journey and Kamarae's legacy through compelling videos made a significant impact. We initially set our goal at $5,000, but thanks to the platform's effectiveness, we surpassed it and raised $25,000. PloomSocial enabled us to connect emotionally with donors, making our fundraiser incredibly successful. Thank you for providing such a powerful tool to honor Kamarae's memory."
We’ve established a strong business model, providing us with diversified, multi-pronged revenue streams.
Revenue Streams:
Our strategy includes a robust, two-fold marketing strategy to attract fundraisers and donors through tailored marketing strategies. Utilizing media coverage and endorsements to enhance brand recognition and credibility, we will build a loyal and active community around the joy of giving.
After the initial launch of our platform, we will add on additional features to enhance user experience and deepen the community while also expanding revenue potential.
While there are other online fundraising platforms, none provide the full scope of what PloomSocial offers. More importantly, we have a first mover advantage with our comprehensive, immersive solution.
Looking into the future, the fundraising platform industry has shown a precedent for lucrative exits. For instance, gofundme was purchased in 2015 by private equity for over $600 million and then purchased Classy in 2022 for an undisclosed amount. In all, Classy and gofundme have raised over $5 billion.
Yet many problems with fundraising – especially when it comes to donor connection and retention – remain unaddressed. Until PloomSocial.
Founded by seasoned leaders inspired by personal goals of giving back, the deep experience of PloomSocial’s team covers the full spectrum of getting PloomSocial successfully to market.
We’ve assembled a powerful bench of advisors including Shark Tank’s Kevin Harrington.
Brian Harrington ~ Chris Bobo ~ Kevin Harrington ~ Cary Carlton ~ Brandon T Adams
Join the Joy of Giving Journey
PloomSocial is currently raising funds through Wefunder. We chose Wefunder because we want to give our community, supporters, and philanthropists everywhere a chance to invest in us and share in our upside!
We’re expecting considerable growth over the next few years as we scale PloomSocial to the next level. We will deploy the capital to invest in product enhancements, marketing, sales, operational infrastructure, and strategic team growth.
PloomSocial’s unique blend of video storytelling and community engagement promises to revolutionize the landscape of charitable giving. Our innovative platform empowers individuals, teams, and organizations to not only raise awareness and funds but also to foster a profound sense of connection and impact.
We hope you invest in our vision of a new dimension of giving. Join us as we transform charitable giving from a transaction to an immersive storytelling experience that drives positive change!
