News

Leading charity crowdfunding platform JustGiving to be acquired by Blackbaud

We're thrilled to hear that high impact business and ClearlySo client, JustGiving, will be sold for £95 million.

June 26, 2017

Blackbaud, Inc., the world’s largest cloud software company powering nonprofits and other social good organizations, today announced that it has entered into an agreement to acquire United Kingdom-based online fundraising services provider JustGiving™, whose online social giving platform has played a powerful role in the growth of peer-to-peer fundraising.

Under the purchase agreement for the transaction, Blackbaud has agreed to acquire all of the outstanding equity interests of JustGiving for an aggregate purchase price of £95 million, subject to certain adjustments. The closing of the transaction is anticipated to occur at the conclusion of a customary regulatory review in the U.K. Blackbaud expects to finance the acquisition with cash on hand and borrowings under its existing credit facility.

JustGiving has been a leader in peer-to-peer fundraising for both nonprofit organizations as well as individuals (also known as personal crowdfunding), with people in 164 countries raising over $4.5 billion for good causes through its online platform since 2001.

Reacting to this announcement, John Lloyd, ClearlySo’s Chief Marketing Officer, said: “ClearlySo was founded with one simple aim – “to help create and fund 100 JustGivings”. We are incredibly proud today that the original JustGiving, a client of ours, is being acquired by Blackbaud for £95 million! To see a business as socially impactful as JustGiving exit is great for the entire impact investing market!”

You can find out more about the sale here.