Pursuits
Facebook Charity Application Wins Investors, Grows With Safeway
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Causes, a for-profit company that lets Facebook Inc.’s users give money to charities, raised $9 million in new funding and began selling gift cards in supermarkets as it aims to bring more philanthropy to the Web.
Co-founded three years ago by former Facebook President Sean Parker, the Berkeley, California-based company has raised a total of more than $16 million in financing. Investors in the latest round include venture capital firms New Enterprise Associates and Founders Fund Management LLC, Silicon Valley startup backer Ron Conway and Salesforce.com Inc. Chief Executive Officer Marc Benioff.