Giving platforms Givergy and Tatango have formed a new company and are merging under the name momoGood. The deal is being supported by private equity, including Edison Partners and Vocap Partners. Edison Partners acquired a majority position in the company. Financial terms were not disclosed.
The name momoGood is short for “More. Modern. Good.” momoGood is led by Chief Executive Officer Matt Combs, founder of YourCause, a corporate social responsibility and employee engagement platform, previously backed by Vocap Partners and subsequently acquired by Blackbaud in 2019.
The CEO roles previously held by Julian Sykes at Givergy and Kevin Fitzgerald at Tatango have been unified under Combs. Sykes and Fitzgerald have transitioned out of the respective companies. Matt Powers continues as chief technology officer of momoGood, a role he previously held at Tatango. Givergy’s former chief operating officer, Ben Crook, is leading nonprofit solutions for momoGood.
The new company is intended to appeal to younger generations of engage advocates. The platform combines Tatango’s mobile-first engagement infrastructure with Givergy’s experiential fundraising and event technology to create a unified, AI-native platform serving nonprofits, political organizations, enterprises and donors globally, according to an announced from the firm.
“The market does not need another fundraising tool. It needs a unified operating system,” Combs said via a statement. “We’re building momoGood to be the giving industry’s infrastructure, connecting engagement, fundraising and data across organizations and individuals. By eliminating fragmentation and introducing real intelligence, donor participation expands and charitable impact scales.”
The giving industry at large still struggles with structural challenges that have limited donor continuity and constrained innovation, said Kelly Ford, general partner at Edison Partners, via a statement. “With proven performance across mobile engagement and experiential fundraising, a global customer base, diverse revenue streams and strong unit economics, momoGood sets the stage for a new era of innovation in the giving industry.”
Ford, Combs, and Edison Partners Principal Ben Laufer will join the company’s board of directors along with Vocap Managing Partner Vinny Olmstead, and Edison Director Network member and Aidentified co-CEO Tom Rauker.
