Omaze

Omaze

Online sweepstakes for charity fundraising

About Omaze

Simplify's Rating
Why Omaze is rated
A+
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A+ on Rating Differentiation

Industries

Social Impact

Consumer Goods

Company Size

11-50

Company Stage

Series C

Total Funding

$123.5M

Headquarters

Culver City, California

Founded

2012

Overview

Omaze operates in the online sweepstakes market, offering individuals the chance to win unique prizes such as celebrity meet-and-greets, luxury trips, and high-end cars. Participants enter these sweepstakes by purchasing entries, and a portion of the proceeds goes to partnered charities. This model allows charities to raise significantly more funds than traditional fundraising methods, with some campaigns generating up to 40 times more. Omaze uses its expertise in marketing, content creation, technology, and fulfillment to enhance the fundraising potential for charities while providing an engaging experience for participants. The company's goal is to create a win-win scenario for both participants and charities, successfully raising millions for various causes and making a notable impact in the nonprofit sector.

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Simplify's Take

What believers are saying

  • Increased interest in experiential marketing boosts Omaze's brand partnerships.
  • Digital philanthropy platforms align with Omaze's online sweepstakes model.
  • Growing preference for purpose-driven brands benefits Omaze's entertainment-charity combination.

What critics are saying

  • Increased competition in the online sweepstakes market could dilute Omaze's market share.
  • Potential regulatory scrutiny may impose additional compliance costs for Omaze.
  • Departure of former CMO Eric Edge could disrupt Omaze's marketing strategies.

What makes Omaze unique

  • Omaze offers unique experiences like celebrity meet-and-greets and luxury trips.
  • The company partners with well-known charities, ensuring significant fundraising success.
  • Omaze's model raises up to 40 times more funds than traditional methods.

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Funding

Total Funding

$123.5M

Above

Industry Average

Funded Over

5 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$85M
Omaze
$100M
Oura

Benefits

Competitive compensation and benefits including attractive equity package.

We're committed to putting the health of our employees first and are currently working from home with a stipend for office setup, continuation of company events (virtual), and more.

We actively seek out diversity of thought and experience to drive innovation. We welcome difference of background, identity, and perspective and work hard to ensure that all people can bring their authentic self to work at all times.

Growth & Insights and Company News

Headcount

6 month growth

-4%

1 year growth

-4%

2 year growth

-21%
Your Local Guardian
Jul 20th, 2024
Wallington runner nearly dies after car loses control

This year, Omaze, a company that runs prize draws to raise money for charities, has chosen London's Air Ambulance Charity for its latest fundraising campaign.

PR Newswire
Jun 12th, 2024
Case Studies Of Patients With Diabetic Foot Ulcers Showed 90 To 100 Percent Wound Closure At 12 Weeks Following Weekly Treatment With Novel Omeza® Ocm™

-Three case studies reinforce clinical trial data demonstrating dramatic healing rates among patients with diabetic foot ulcers treated with OCM™ -CLEVELAND, June 12, 2024 /PRNewswire/ -- Omeza®, a regenerative skincare company that develops marine-based therapies for nonhealing wounds that are hard to treat, presented three case studies showing that diabetic foot ulcers (DFUs) treated weekly with Omeza® OCM™ demonstrated 90 to 100 percent wound closure at 12 weeks. Results of the case studies were presented at the WOCNEXT annual conference, hosted by the Wound, Ostomy, and Continence Nurses Society™ (WOCN®)."Treating diabetic foot ulcers is a persistent challenge because they frequently fail to respond to what are considered topline treatments, and many patients suffer for months or years without relief, severely impacting their quality of life and jeopardizing their health status," said Mary Cheney, CNP, CWS, of Jobst Institute, Toledo, OH."The ongoing results of individual case studies and clinical trials consistently show that Omeza® OCM™ has the ability to move hard-to-heal DFUs from chronic to healing—even wounds of more than a year in duration—within a period of 12 weeks, which is truly encouraging, given the massive toll they take on patients' lives, added Susan Shuman, BS, RN, of Jobst Vascular institute, Toledo, OH.Diabetic foot ulcers are not only painful and burdensome to patients, but they often lead to serious complications such as severe infections, limb amputations, and loss of life. According to the American Diabetes Association, more than 154,000 people with diabetes in the United States undergo amputations each year, and up to 80% of non-traumatic lower limb amputations are due to diabetes complications.1OCM™ is a novel platform comprised of cold-water fish peptides and other pharmaceutical-grade components that harness an individual's innate immune processes to activate healing at the site of the wound. The current data on OCM™ were collected by the Jobst Vascular Institute at ProMedica Health System in Toledo, Ohio, which previously conducted a clinical trial comparing OCM™ to current standards of wound care.Case Study Patient OutcomesPatient one, age 60: At treatment visit 1, his wound of 1-year duration measured 0.37cm. The patient's 12-week percentage area reduction (PAR) was 100%; however, walking caused its reopening, so he reentered the study. His 4-week PAR was 76%, and the wound closed by treatment visit 5.Patient two, age 53: At treatment visit 1, his wound of 12-week duration measured 11.6cm and was reduced to 2.09cm by treatment visit 5

PR Newswire
Sep 27th, 2023
Omeza Announces New Tranche Of Funding And Upcoming Q4 Clinical Activities

SARASOTA, Fla., Sept. 27, 2023 /PRNewswire/ -- Omeza, a regenerative skincare company that develops marine-based therapies for the treatment of chronic wounds, today announced that it has completed a $6.5 million offering and issuance of Series Seed Preferred Stock. The proceeds of this equity financing will be utilized to support operational activities, including Omeza's three ongoing clinical trials evaluating the ability of Omeza combination therapy to initiate the wound healing process in refractory diabetic ulcers, venous ulcers, and multiple other etiologies."We have previously demonstrated the ability of Omeza combination therapy to heal advanced wounds that have failed to respond to other therapeutic interventions, and we are now conducting interventional clinical trials in a real-world setting to definitively show that our combination therapy triggers healing in chronic wounds and ulcers of multiple etiologies that have failed therapy for 3 months prior to trial enrollment," said Cynthia Flowers, Chief Executive Officer at Omeza.Three clinical trials are evaluating Omeza combination therapy for its ability to heal advanced chronic wounds & ulcers Tweet thisIn addition to evaluating the healing properties of Omeza combination therapy, the trials will assess secondary endpoints during treatment, including patients' quality of life; pain perception at baseline and as treatment progresses; increases in physical function; and enhanced daily living activities."The impact of chronic wounds is far more than physical; they exact an enormous toll on a person's emotional well-being, psychosocial functioning, financial independence, and other parameters that are incredibly important to the individual's ability to conduct routine activities," said Suzanne Bakewell, Ph.D., Chief Scientific Officer at Omeza. "Our novel, first-in-class platform harnesses each individual's innate physiologic capabilities to instigate the wound-healing process and potentially remediate many of these burdensome effects on daily living."Additional fourth quarter activities and milestones include:A poster presentation describing two case studies that demonstrate complete and rapid healing of diabetic foot ulcers using Omeza ® Collagen Matrix, Omeza ® Lidocaine Lavage, and Omeza ® Skin Protectant. Data will be presented at the Diabetic Foot Conference, hosted by the American Limb Preservation Society, Sept. 28 – 30.Collagen Matrix, Omeza Lidocaine Lavage, and Omeza Skin Protectant

Stornoway Gazette
Jun 17th, 2023
£2m farmhouse plus £100k up for grabs in charity raffle | Stornoway Gazette

She recreated the scene on the film’s 20th anniversary for Blood Cancer UK who are partnering with Omaze for the lottery.

Sarasota Magazine
May 15th, 2023
Hugh Culverhouse Inducted to University of Alabama’s Inaugural 1831 Society | Sarasota Magazine

Omeza Holdings, Inc., an emerging company in skin regenerative medicine, announced the appointment of Cynthia L. Flowers as its new president and CEO.

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