|Industry||Celebrity charitable crowd funding|
|Founders||Bryan Baum, Leo Seigal, Andrej Pancik|
Prizeo is a privately owned internet company based in Los Angeles, California. It is an online fundraising platform that enables clients to mobilize their fan bases to raise funds and awareness for their chosen causes. Prizeo takes a 20% commission on the funds it raises.
As undergraduates at Oxford University, co-founders Bryan Baum and Leo Seigal worked with the Aloysius Society, a philanthropic group that organized high-priced charity events. The society raised $1 million running auctions, but Baum and Seigal were frustrated at the cost of their fundraising strategy and the lack of scale. In 2012 the duo teamed up with co-founder Andrej Pancik and Lukas Bosko to create Prizeo, a fundraising website with a raffle-type model.
In June 2013, Prizeo announced a $2.5 million seed funding round led by Battery Ventures. Other investors in the round included William Morris Endeavor, Edgar Bronfman, Jr., and ZhenFund (Sequoia Capital’s seed fund in China).
Since launching, the platform has held nearly 200 crowdfunding campaigns featuring celebrity experiences and raising over $10M for over 100 different charities.
During his tenure as CEO, Prizeo co-founder Bryan Baum was named to Forbes' "30 Under 30" 2014 list in the category "Social Entrepreneurs". In the same year, co-founder Andrej Pancik was featured on the front cover of Forbes Slovakia.
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