Change.org Secures Significant Investment From Omidyar Network

Change.org, the world's largest online petition platform, has raised $15 million through its first outside financing round, with the bulk of the funds provided by Omidyar Network, the philanthropic investment firm created by eBay co-founder Pierre Omidyar and his wife, Pam.

Over the last year, the Change.org site has seen its user base climb from six million to more than thirty-five million, with more than half of those users located outside the United States. According to Change.org, three million new users join the site every month.

Chris Bishko, investment partner at Omidyar Network, will join the board of Change.org, which is a certified B corp. Other investors in the financing round include Uprising, a mission-aligned investment fund in San Francisco.

"We are honored to receive investment from such deeply mission-driven investors," said Change.org founder and CEO Ben Rattray. "Omidyar Network's mission of empowerment aligns perfectly with ours, and we're thankful to their leadership in growing the impact investment sector over the past decade. Social enterprises can play an instrumental role in solving some of the world's biggest problems. This funding will help us continue to expand our empowerment tools internationally while innovating on new products with the potential for disruptive social impact."

"Change.org Secures Investment From Omidyar Network." Omidyar Network Press Release 05/21/2013.