Charitable giving startup Pinkaloo raised $1.25 million in a round led by Baltimore-based Squadra VC.
It marks the first investment in a Baltimore company by Squadra, which was launched this fall by RedOwl Analytics founder Guy Filippelli and Mike Leffer, an investor and entrepreneur who was formerly with Baltimore Angels. The two West Point alums are seeking to lead early-stage rounds for startups in enterprise technology, defense, cybersecurity and data analytics.
Pinkaloo’s white-label software allows organizations to offer tools to set up an account for charitable giving, find nonprofits and data about those charities and access tax receipts. It also has sharing and gamification features, similar to popular elements that make other fintech products fun.
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