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Nonprofit-focused Charleston tech firm raises $750,000

  • Updated
Nonprofit-focused Charleston tech firm raises $750,000

A Charleston-based technology firm that helps donors give specific items to nonprofit groups has raised $750,000 to grow its employee base.

InKind Inc. was launched in January 2014. The proceeds from its first fundraising round will go toward building a full-time staff and for recruiting new employees, said Jeremy Berman, one of the cofounders. Berman didn’t disclose the lead investor’s name but said he’s from Charleston.

The company helps nonprofits develop stories around the work they’re doing, Berman said. Donors can then buy specific items through its website — https://www.inkind.us — that those groups say they need.

“You find a cause you care about and give an item (or two) in your price range to help,” according to inKind’s site.

The service is free for donors and nonprofits.

The company charges retailers that donors buy their products from a fee of between 3 percent and 10 percent. One of the merchants that inKind works with is Home Depot. On the nonprofit side, the company is currently working with Habitat for Humanity, Berman said.

Berman cofounded the company with Nick Black.

Reach Allison Prang at 843-937-5705 or follow her on Twitter @AllisonPrang.