Fundly raises $2 million for social funding

Social fundraising startup Fundly closed a $2 million seed funding round led by several Silicon Valley investors.

Crowdsourced fundraising can be one of the most powerful methods of making money for a cause, as evidenced by the rise of services like Kickstarter and GoFundMe. Fundly claims that 74.6 percent of donors are more likely to give if asked by family or friends and donations are generally 52 percent larger when friends ask friends to donate.