GOOD Acquires Jumo

GOOD Worldwide

GOOD, a Los Angeles, California-based media company with a mission to help individuals, businesses, and non-profits live well and do good, announced last week that it acquired Jumo, a social network for causes. Terms of the acquisition were not disclosed.

Jumo was founded by Facebook cofounder Chris Hughes and launched in 2010. According to TechCrunch, Jumo had received $3.5 million in funding from sources including the Omidyar Network and the Knight Foundation.  Hughes will join GOOD as a senior advisor and according to an e-mail sent to Jumo members "in the spirit of our heritage as a non-profit, [Jumo] will be open-sourcing our own codebase to enable other social entrepreneurs to use our progress thus far for their own endeavors."

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