Change.org Receives $25 Million

Change.org raised over $25 million from some big investors including Richard Branson and Bill Gates, to help the online petition company accelerate its rapid growth.

Ashton Kutcher, Arianna Huffington, the co-founders of LinkedIn, Twitter and Yahoo are amongst the other big names, said Change.org on Tuesday.

The online petition company is a startup that has grown quickly is known for gathering support on social issues through petitions online.

One petition recently calls for the police to have to wear a body camera after two men who had been unarmed were shot and killed in two separate incidents in New York City and Ferguson, Missouri.

The online petition received 132,000 signatures.

Change-org always has had close ties in Silicon Valley. Ebay founder Pierre Omidyar was the lead investor for the first two fundraising rounds. In all, the company raised over $50 million since its 2007 inception.

The petition company hopes to receive a benefit from the latest group of investors. Jen Dulski the COO and President at Change.org said the company wanted investors who were passionate about the company’s mission and have experience that the company can learn from.

Though the mission at Change.org is nearer that of a company that is nonprofit, it operates the same as a traditional company.

It is a class B corporation, which means it has to adhere to certain environmental and social standards.

COO Dulski said Change.org was expected to provide its investors with returns. Its biggest revenue source is advertising.

The company now has 80 million users, which is up from over 35 million during 2013. Change-org has 222 workers and offices across 18 countries.

Change-org has experienced significant victories through mainly petitions aimed toward large corporations.

However, changes politically have come much slower. A petition calling for a new nationwide law, where failing to report a child missing would be a felony, has over 1.3 million supporters, but the petition had done nothing.

The company, said Dulski is planning to use its new capital for developing technology for mobile hand held devices, give decision makers new tools, such as corporate and politicians, to respond to petitioners directly and to expand even further globally.

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