Lincoln software startup announces American billionaire Tom Preston-Werner as latest investor

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Lincoln-based software startup, Everfund has announced billionaire and American software entrepreneur, Tom Preston-Werner, as their latest investor.

Tom’s investment into Everfund is his second venture into the UK and plans to make himself available to coach and advise the young entrepreneurs on how best to scale their business.

Everfund are now able to scale their charity donation platform in line with the needs of charities where, as a sector, they are facing a shortfall of £10bn of funding due to the pandemic.

Everfund has developed a charity donation platform that helps charities create, share and track high performance donation portals, called donation links, for use across multiple charity engagement channels such as social media, print, and websites.

Now in a position to not only attract some of the largest charities, but to be able to process millions of pounds of donations, Everfund will be able to use their platform for processing donations at a direct cost saving of up to six times less than they are currently paying with services like JustGiving.

Having trialed the software platform with numerous local charities including St. Barnabas and Betel for Britain, the team are able to provide qualitative and quantitative statistics to demonstrate the cost savings and high performance for the processing of donations for the charity.

The next stage for the company is to share Everfund with national charities throughout the early part of 2021, and on an international stage by 2022 to help them bounce back from the detrimental effects of the pandemic.

Everfund co-founder, Christopher Burns said:

“I’m overwhelmed that Tom offered to invest in us after we introduced Everfund, and the opportunity of working alongside one of the most pivotal developers in the software industry will help take the business to scale and move our growth strategy forward even more rapidly.”

Co-founder Will De Ath, said: “Tom recently founded a new open-source Javascript framework called Redwood.js which we have built most of Everfund in and being one of the first commercial uses of his new framework, Tom recognised our contributions to the open source project and recognised our commercial use within charity fundraising as something worth investing into and supporting with his personal time.”