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."
For more information
- GOOD - Home page
- Jumo - Home page
- Chris Hughes's Jumo And GOOD Join Forces (Fast Company, August 16, 2011)
- GOOD Announces Advisory Board Additions and Partnership with GoodSearch (March 30, 2010)
- GOOD Worldwide Announces Series A Funding and New Organization (Green VC, October 14, 2009)