LaunchGood is a
crowdfunding
Crowdfunding is the practice of funding a project or venture by raising money from a large number of people, typically via the internet. Crowdfunding is a form of crowdsourcing and Alternative Finance, alternative finance, to fund projects "withou ...
platform focused on the
Muslim community worldwide. LaunchGood went live in October 2013 and it raised more than $688 million from 2.1 million donors across 155 countries.
LaunchGood is one of a number of
crowdfunding
Crowdfunding is the practice of funding a project or venture by raising money from a large number of people, typically via the internet. Crowdfunding is a form of crowdsourcing and Alternative Finance, alternative finance, to fund projects "withou ...
platforms for gathering money from the public, which circumvents traditional avenues of investment. Project creators choose a deadline and a minimum funding goal, and usually provide rewards or "perks" for contributors at various levels.
The founders of LaunchGood are Chris Blauvelt, Amany Killawi and Omar Hamid. They are based out of
Detroit
Detroit ( , ) is the List of municipalities in Michigan, most populous city in the U.S. state of Michigan. It is situated on the bank of the Detroit River across from Windsor, Ontario. It had a population of 639,111 at the 2020 United State ...
, Michigan and
Atlanta
Atlanta ( ) is the List of capitals in the United States, capital and List of municipalities in Georgia (U.S. state), most populous city in the U.S. state of Georgia (U.S. state), Georgia. It is the county seat, seat of Fulton County, Georg ...
, Georgia.
Projects
LaunchGood has been used to fundraise for several nationally recognized projects, including a campaign to help rebuild African-American churches destroyed by arson in the summer of 2015, and a campaign to fund the legal team of
Adnan Syed (widely known from the podcast
Serial) through a special appeal of his conviction. Each of these campaigns raised more than $100,000 through the platform. An October 2018 campaign to help pay for Jewish burials for the 11 victims of the
Pittsburgh synagogue shooting
On October 27, 2018, a right-wing extremist attacked Tree of Life – Or L'Simcha Congregation synagogue in the Squirrel Hill neighborhood of Pittsburgh, Pennsylvania. The congregation, along with New Light Congregation and Congregation Dor Had ...
, and the medical bills of survivors, raised its goal of $25,000 in six hours and went on to raise more than $200,000.
Awards
LaunchGood has received the Islamic Economy Award, Small & Medium Enterprises (SME).
See also
*
Civic crowdfunding
Crowdfunding is the practice of funding a project or venture by raising money from a large number of people, typically via the internet. Crowdfunding is a form of crowdsourcing and Alternative Finance, alternative finance, to fund projects "withou ...
*
Comparison of crowd funding services
Crowdfunding is the practice of funding a project or venture by raising money from a large number of people, typically via the internet. Crowdfunding is a form of crowdsourcing and alternative finance, to fund projects "without standard financial ...
*
Global Giving
Further reading
*
*
*
References
External links
*
{{Crowdfunding platforms
Companies based in Detroit
Internet properties established in 2013
Crowdfunding platforms of the United States