Crowdtilt
Tilt.com logo
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| See parent | |
| Private | |
| Industry | Crowdfunding |
| Founded | Texas, United States (February 8, 2012) |
| Founder | James Beshara Khaled Hussein |
| Headquarters | 370 Townsend, San Francisco, California, United States |
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Area served
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United States |
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Key people
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James Beshara (CEO) |
| Services | Crowdfunding |
| Parent | Independent (2012-2017) Airbnb (2017–present) |
| Website | www |
Tilt (formerly Crowdtilt) was a crowdfunding company that allowed for groups and communities to collect, fundraise, or pool money online. The company was legally certified in securing fundraisers for non-profit organizations. James Beshara and Khaled Hussein launched under the name Crowdtilt in February 2012 out of Y Combinator. The company was initially based in Texas and was then headquartered in San Francisco, California.
Tilt CEO and co-founder James Beshara, a 2008 graduate of Wake Forest University, developed the concept for the group-funding platform while working as a microloans collection officer in South Africa. Beshara utilized the concept of social collateral to create Dvelo.org, which aimed to provide group-funded loans to micro-insurance organizations. When Dvelo users began to use the service to fund non-charity related ventures, Beshara shifted the company’s model to concentrate on raising funds for parties, gifts, events, or any other cause that a user proposed.
Beshara brought on Khaled Hussein as a co-founder in 2011. Beshara and Hussein rebranded Dvelo as Crowdtilt and were accepted into the winter 2012 session of Y Combinator.
In May 2012 the company closed its first round of funding at $2.1 million. Investors included SV Angel, CrunchFund, and Reddit’s Alexis Ohanian.
In November 2012 the company met federal regulations regarding fundraising for nonprofits. As a result, Crowdtilt fully supports charity fundraising, providing users with tax-deductible donation receipts.
In December 2012 the company released a crowd-funding API that allows startups and third-party developers to integrate Crowdtilt’s functionality into applications.
In April 2013 the company raised $12 million in Series A financing. The financing was led by the venture capital firm Andreessen Horowitz. This round of financing brought Crowdtilt’s total funding to approximately $14 million.
In December 2013 the company raised $23 million in Series B funding to help the company continue to grow its team and expand internationally.
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Wikipedia