Jumo Receives Up To $750,000 From Omidyar Network

Omidyar Network, a philanthropic investment firm dedicated to harnessing the power of markets to create opportunity for people to improve their lives, announced earlier this month that it has provided a grant of up to $750K to Jumo, a company that is building a web-based platform for connecting individuals with cause-based organizations.  Jumo's founder is Chris Hughes, who is a co-founder of Facebook. In conjunction with this grant, Chris Bishko, Omidyar Network director of investments, will join Jumo’s board of directors. 

“Omidyar Network has extensive experience with both for-profit and philanthropic online marketplaces," Bishko said. "We believe Jumo is pursing a powerful opportunity to leverage networking technologies to facilitate deeper engagement between individuals and cause-based organizations."

Jumo is scheduled for launch later this year. Some additional background is available in the following video.