Elsewhere online
December 09, 2014

Change.org Draws Big Investors for $25-Million Expansion

Change.org, the socially oriented B Corporation that offers petition services for nonprofits and individuals seeking to raise awareness and effect change on a wide gamut of issues, has raised $25-million from an all-star list of wealthy investors to fuel a major expansion, The Wall Street Journal writes. Developing mobile apps will be a focus of growth for the San Francisco-based startup, which has more than 80 million users worldwide.

Change.org earns revenue from sponsoring and promoting campaigns and counts major advocacy groups such as Amnesty International and the World Wildlife Fund among its clients. Bill Gates, Virgin Group mogul Richard Branson, Huffington Post founder Arianna Huffington, and LinkedIn co-founder Reid Williams are among nearly two dozen well-connected investors participating in the firm's second funding round, which approximately doubles its outside capital.