Ammado Raises $9M To Solve Global Giving Problem

Following the trend toward global platforms for raising money, such as Kickstarter, Ammado, which connects charities with donors, has raised €7 million ($9M), and signed up several multinational partners. The investment round was led by Belgium-based Saffelburg Investments, which put in €5.5M and John Ryan, founder of Rovi, who put in about €1.5M. Set up in 2005 by Anna Kupka and Peter Conlon, the latter has put in €8.7M to date, which means Ammado has raised a total of €15.7M so far.