Today, Omaze, the leading social impact fundraising platform that offers the chance to win once-in-a-lifetime prizes to support charities around the world, announced that it has secured $85 million in new capital. The round was led by Louis Bacon’s Moore Strategic Ventures (‘MSV’). FirstMark Capital, Wndrco, Telstra Ventures, Causeway Media Partners, Mockingbird Ventures, BDMI and Pegasus Ventures also joined the round. Notable individual investments also came from longtime partners Bono, Kerry WashingtonTom Brady and Alexis Ohanian.

The company expanded into the UK last year, where it has experienced continuous 30%+ month-over-month growth for the past year. They adopted a new model, partnering with talent to promote the chance to win high-value prizes like £4M homes, and using weekly car offerings to drive engagement. Omaze will use these funds to further international expansion by replicating the UK model throughout Europe.

By scaling into new markets and continuing to offer even higher value prizes, the company expects to dramatically increase their impact around the world. Omaze generated over $150M in grants to charities in their first nine years, and is projected to generate more than $300M in the next two years.

“A big part of what drives us at Omaze is fighting inequality of opportunity,” said CEO and Co-Founder Matt Pohlson. “By offering everyone the opportunity to win a $5M house or go to space, we can fund the causes creating opportunities for the underserved. This funding empowers us to expand our prizing and donor base internationally. We are excited to work with MSV and our entire group of investors who recognize that the best way to create enduring impact at a global scale, is to build an enduring business at a global scale.”


Read the full post on Yahoo Finance.