Parvenu
Early Stage
Raising More Money for Charity Through Artificial Intelligence.
Analytics
Raised: $137,039
Aggregate Commitments $
Platform
Wefunder
Start Date
07/19/2018
Close Date
02/28/2019
Min. Goal
$76,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Funding Type
RegCF
Valuation Cap
$4,000,000
Discount Rate
10%
Rolling Commitments $
Status
Funded
Reporting Date
03/03/2019
Days Remaining
Funded
% of Min. Goal
180%
% of Max. Goal
13%
Likelihood of Max
Funded
Avg. Daily Raise
$612
# of Investors
222
Momentum
Funded
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Founder Profile
Location
Washinton, District of Columbia
Industry
Financial & Insurance Products & Services
Tech Sector
Parvenu combines raising money for charity with artificial intelligence (AI). Actually, to be specific, Parvenu raises money for charity through AI. Their system personalizes charity suggestions through retail checkouts based on what the consumer is buying. If you’re buying dog food, their system will ask if you want to donate to an animal shelter, or if you’re refilling a prescription, Parvenu will ask you to donate to medical research. The personalized engagement boosts engagement, and so far, their technology tripled the donation rate from 8% to 25% in beta tests across five stores. Their technology is proprietary under a provisional patent, and they’re team has been notably and significantly successful in past startup and fundraising endeavors.
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