GiveGab Secures $1.2 Million in Funding

Social network for volunteers will expand services and reach with investment. End Quote

Ithaca, NY (1888PressRelease) March 13, 2013 - GiveGab, the social network for volunteers, announces it has closed on $1.2 million of Series A funding. The Ithaca-based volunteer management software provider will use the funding to expand the website's capabilities and business development efforts, including the launch of premium offerings and enhanced reporting in Q3, 2013. Cayuga Venture Fund led the Series A investment round, which included investment by Great Oaks Venture Capital and Rand Capital.

Charlie Mulligan, co-founder and CEO of GiveGab states, "Volunteering enriches people's lives as well as the communities in which they live. GiveGab has created a medium through which the process of volunteering is made even more fun and easy, while also helping to make the lives of those who manage volunteers better. We are excited that Cayuga Venture Fund, Great Oaks Venture Capital and Rand Capital have decided to partner with us and provide the resources and connections we need to accomplish our mission: More, happy volunteers.'

"Although other companies have tried, GiveGab has finally figured out how to meet the volunteer tracking, recruitment and profiling needs of both volunteer managers and their volunteers in a creative and fun social media networking platform that already has yielded an impressive following among colleges and universities and non-profit organizations," said Jennifer Tegan, Partner at Cayuga Venture Fund. "We are excited to see this company grow and reach its full potential with this financing."

GiveGab, founded in 2011, is a social network which connects volunteers with volunteer opportunities. It helps nonprofit organizations, colleges and universities and businesses promote their programs and events, recruit volunteers, track hours and report on the good they're doing in local communities. Its mission is to make more happy volunteers and increase volunteerism across the country and around the world.

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