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About JustFund
Industries
Government & Public Sector
Social Impact
Company Size
11-50
Company Stage
N/A
Total Funding
N/A
Headquarters
Lafayette, California
Founded
2020
Overview
JustFund streamlines the grantmaking process for organizations and funders by creating a platform that emphasizes simplicity, transparency, and equity. Their system allows funders to easily connect with organizations seeking grants, facilitating the movement of funds in a way that prioritizes trust. JustFund has successfully transferred over $83 million to support 3,000 organizations, demonstrating its effectiveness in fostering relationships between funders and grant seekers. What sets JustFund apart from its competitors is that it was developed by funders and organizers of color, focusing on removing traditional barriers in philanthropy. The goal of JustFund is to reset philanthropy by building new models of giving that are aligned with values of equity and trust.
Simplify's Take
What believers are saying
- JustFund raised $86 million, accelerating growth and expanding its impact.
- The platform's focus on racial equity aligns with growing philanthropic trends.
- New senior leadership hires position JustFund for strategic growth and innovation.
What critics are saying
- Emerging platforms focusing on equity may dilute JustFund's market share.
- Rapid scaling post-funding could lead to operational inefficiencies.
- Traditional institutions may resist JustFund's disruptive grantmaking model.
What makes JustFund unique
- JustFund is the only platform created by funders and organizers of color.
- The platform emphasizes trust-based, equitable grantmaking, setting it apart from traditional models.
- JustFund has moved over $83 million, supporting 400 funders and 3,000 organizations.
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Growth & Insights and Company News
6 month growth
â 12%1 year growth
â 5%2 year growth
â 20%Fintech startup JustFund accelerates growth with $86 million capital raise.
The misalignment and expectations of Black, Indigenous and Women of Color leaders come at a significant cost to organizations - and our economy. In a conversation with Má»č TĂąm H. Nguyá» n a management consultant and coach to high profile executive women, we discussed five ways in which tradition models of leadership have failed women of color leaders and the shifts we can make to address them.First of all, how did we arrive at $172B.$172B is the cost of attrition attributed to racial inequity over a five year period (SHRM). It is what is lost in hiring and re-hiring employees, who leave after relatively short tenures due to deeply ingrained and systemic discrimination, microaggressions, lack of career advancement and often, hostile work environments. It represents employees of color who cycle through low wage jobs due to a lack of health benefits, sick leave, paid family and medical leave and other safety nets.A not insignificant portion of that figure is the loss of leaders of color, in particular women of color. Like those of Audie Cornish, Lulu Garcia-Navarro and Noel King from NPR, Bozama Saint John, who departed Netlfix after just two years to âlive out loudâ, and countless DEI executives with similarly short tenures.When women of color (WoC) leaders leave organizations, they take with them drive, innovation and perspectives that support an increasingly diverse workforce
SAN FRANCISCO--(BUSINESS WIRE)--JustFund, the first and only nonprofit grantmaking solution created by funders and organizers of color, is pleased to announce the hiring of three new senior leadership roles: Katie Branch as JustFundâs Director of Customer Experience, Preeti Shukla as JustFundâs Head of Product and Engineering, and Marci Ovadia as JustFundâs Director of Marketing and Communications. These hires are in addition to the promotion of Melody Lee as JustFundâs new Chief Operating Officer. Lee has served as a critical leader for the organization over the last four years and moves into the COO position to oversee operations during this stage of growth.âThis new set of senior hires reflects just how hungry the philanthropic sector is for an equitable grantmaking solution that puts their values of trust and equity into practice. With Melody Lee moving into the COO role and our new leadership team in place, JustFund is poised to support the growing movement to reset philanthropy for good,â said Iara Peng, Founder and CEO of JustFund.This announcement follows the hiring of Afi Tengue as the organizationâs Director of Donor Engagement and JustFundâs celebration of its fifth anniversary with the release of its inaugural Impact Report.âWith the addition of Katie, Preeti, and Marci to the JustFund team, we are well positioned to lead, grow, and scale our impact. Iâm thrilled to move into the COO role and help provide critical leadership to JustFund. I'm excited for us to be moving into this next phase of our growth
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About JustFund
Industries
Government & Public Sector
Social Impact
Company Size
11-50
Company Stage
N/A
Total Funding
N/A
Headquarters
Lafayette, California
Founded
2020
There are no jobs for JustFund right now.
Find jobs on Simplify and start your career today