HandUp PBC

HandUp PBC is a social enterprise that provides an innovative platform facilitating direct donations to individuals in need, particularly those experiencing poverty and homelessness, fostering community support and engagement. Founded in 2013 and headquartered in San Francisco, US, HandUp PBC is a direct giving platform aimed at addressing poverty. The company underwent a strategic pivot in 2017 when it was acquired by South Oakland Shelter, enhancing its operational capabilities. Co-founded by Michael Simmons and Rose Bloomin, the latter also serves as CEO.

HandUp has completed a total of 3 deals, with its most recent deal occurring on October 10, 2017. The company has successfully raised USD 0. 85 mn in total funding, with the latest round being a Grant of USD 0. 50 mn from Google Foundation.

HandUp offers a direct giving platform that connects donors with individuals facing poverty and other at-risk situations. The core product is an online crowdfunding platform enabling nonprofits to run fundraising campaigns that benefit their clients directly. This service allows for targeted donations to specific needs, ensuring contributions reach the intended recipients. HandUp partners with various nonprofit organizations across urban areas to maintain transparency and accountability in donations, primarily serving 501(c)(3) organizations and individuals wishing to provide financial assistance.

HandUp's revenue model revolves around facilitating donations through its platform without imposing charges for basic services. It earns revenue from optional tips added by donors to their contributions. This model operates on a direct-to-consumer basis, where donations can be made as one-time gifts or through monthly pledges, promoting continuous support for those in need. There is no set pricing for its services, as HandUp focuses on effective giving while providing clarity on the impact of donations made through its platform.

Following its acquisition in October 2017, HandUp aims to expand its services by designing new fundraising tools tailored for nonprofits, with a projected launch in late 2023. The company plans to extend its reach into additional urban areas across the US, targeting regions severely impacted by homelessness and poverty, by mid-2024. The recent funding will be instrumental in supporting these initiatives, allowing HandUp to enhance its platform and increase its operational capacity in newly targeted markets.