Technical.lyDC: DC government invests $485K in social giving startup GoodWorld

Read more about GoodWorld's latest raise in Techinal.ly DC:

The District of Columbia Department of Insurance, Securities and Banking (DISB) announced on Monday that it will invest $485,000 in 1776-based social giving startup GoodWorld.

The investment comes via the District’s Innovation Finance Program, through which the government co-invests with private partners. In this case those private partners include 1776 Seed Investors LP, Fenway Summer Ventures and Nyca Partners.

Founded in 2014, GoodWorld facilitates charity donations through social media using the hashtag #donate. Social media users can donate to any of GoodWorld’s partner charities (and there are a bunch) by Tweeting or commenting #donate with a dollar amount. A one-time sign up is required to link a credit card, but from there you’re off to the giving races.

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