Givestar Raises £9 Million in Latest Funding Round
Givestar, a London-based fundraising technology company, has announced the successful closing of a £9 million funding round on September 23, 2026. The funding round was led by Mercia, with additional participation from Love Ventures. This substantial investment aims to support Givestar's growth in the UK and its major expansion into the US market.
Innovating Fundraising Practices
Founded by Alexander Coleridge and Tom Montague, Givestar has been at the forefront of transforming how fundraising is conducted in a cashless society. Initially developed to turn smartphones into contactless donation points, the company's platform has since evolved to connect events, fundraisers, donors, and charities. This integrated approach allows each part of the fundraising community to collaborate more effectively.
Givestar's platform is instrumental in digital fundraising, event fundraising, supporter engagement, and charity stewardship. It helps charities acquire and activate supporters while fostering long-term relationships. With nearly 800,000 user accounts, the platform has facilitated over $70 million in donations for more than 4,000 charities. Notably, 76% of its users are under the age of 35, bridging the gap between charities and the next generation of donors.
Strategic Use of Funds
The newly acquired funds will be directed towards enhancing Givestar's presence in the UK and facilitating its expansion into the US market. By leveraging this investment, the company aims to strengthen its technology and further embed itself within the fundraising ecosystem. Givestar is already the official fundraising platform for various event partners, including RunThrough, Tough Mudder UK, Spartan UK, Ultra Events, and Ultra X, which helps expand its network of fundraisers and donors.
Founders' Vision
Co-founder Tom Montague remarked on the company's journey: "When we started Givestar, we noticed that young people hadn't stopped caring about causes—they'd just stopped carrying cash. We put the collection tin on the phone, and the opportunity turned out to be much bigger." This vision underscores the company's commitment to modernizing charitable giving through innovative technology.
Conclusion
With this new investment, Givestar is well-positioned to continue its mission of modernizing the fundraising industry. By connecting charities with young, tech-savvy donors and creating a seamless experience for all parties involved, Givestar is set to make a significant impact in the charitable sector.