LOS ANGELES - 24th December, 2019 - Today, Raffle of the Day has announced that they plan to raise $10 million to support the work of charities around the world. Founded in 2017, Raffle of the Day exists to help nonprofits create lasting impact. Using a win-win model, the company gives away high-priced products to donors to raise money for nonprofits. The winning donor walks away with the product saving 95% on average. Since founding, the socially conscious company has partnered with charities working in women's empowerment, children's services, minority rights, disaster relief, health and many more.
"We're really grateful for the generosity of our community, and the passion of our team and charity partners in pursuit of reaching this audacious goal," said Nick Burke, CEO, and co-founder of Raffle of the Day. "The hard work of nonprofits around the world gives us the motivation to get out of bed every morning to raise this $10 million."
By offering the chance to win the newest iPhone or the latest designer purse with as little as $5, new audiences are engaged that may not have otherwise contributed to nonprofits. Raffle of the Day’s giveaways have inspired donations from more than 15 countries and counting, and this type of reach creates entirely new streams of income for charities that can be immediately put to use.
This model works because Raffle of the Day uniquely understands the product desires of today's culture, gives those products away, and creates meaning around it by letting the winner choose the charity the proceeds are sent too. Looking forward, Raffle of the Day is focused on seeing its long-term vision come to life - a world where winning and giving are not mutually exclusive.
The future of the company is continuing to challenge conventional ways of giving. In 2020, Raffle of the Day aims to complete its Series A round, which will support its expansion of in-house tech, data science, and content creation capabilities. These investments will allow Raffle of the Day to scale its service and offer the most value to donors. This includes deepening partnerships with luxury brands, retailers, and expanding into new types of product giveaways — jewelry, cars, and houses.
About Raffle of the Day
Raffle of the Day makes giving easy and fun by offering donors around the world the chance to win the products of their dreams while supporting an awesome cause. Raffle of the Day’s service connects nonprofits and new donors to create a lasting impact and relationship. They have raised funds and awareness for charities all around the world with donations from over 10 countries. Raffle of the Day is a for-profit company that collects a 10% fee on net raises from their product giveaways.
For more information, please visit Raffleoftheday.com. Contact For more information or inquiries regarding press or potential partnerships, please email pr@raffleoftheday.com
Media Contact
Company Name: Raffle of the Day
Contact Person: Michael Dizon
Email:Send Email
Phone: +1(800) 996-4997
Country: United States
Website: raffleoftheday.com
