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Addison Consumer Analytics Platform Raises Funds to Help Nonprofits » Dallas Innovates

April 14, 2022
Sandra A. Gans
Read Time : 5 Minutes

Table of Contents

    • ‘Ethically sourced’ responses
    • Big-name backers
  • Get on the listing. Dallas Innovates, each day.
    • R E A D   N E X T

An Addison-dependent company is on a mission to give shopper insights to brand names when supporting nonprofits fill their coffers.

HundredX, a data analytics company centered on market share technique, announced landing a Collection D spherical that brings its overall funding to additional than $80 million from massive-name investors, like billionaire Charles Schwab, as it seems to be to create out its platform.

“Today’s hyper-dynamic business enterprise setting demands a distinctive solution to system improvement than legacy initiatives that price hundreds of thousands of dollars, are labor intense, and painfully slow,” claimed Rob Rate, HundredX founder and CEO, in a statement.

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‘Ethically sourced’ responses

Rob Pace, founder and CEO of HundredX. [Photo: HundredX]

HundredX says it combines technique and expenditure expertise with synthetic intelligence, offering manufacturers obtain to a databases of hundreds of thousands of “ethically sourced” shopper activities and letting them to push method insights and new customer acquisition. To assemble that buyer responses, HundredX companions with nonprofits, providing dollars to an corporation as its community associates give responses on the extra than 2,000 firms on HundredX’s platform. Just one little bit of feedback is value up to $2, with HundredX expressing a user’s time is normally valued at additional than $100 for every hour.

Pace, a former senior lover at Goldman Sachs and former nationwide chair at the Salvation Army, phone calls the feed-back “ethically sourced” considering that user-only demographic information is collected.  

“To resource honest suggestions from day-to-day buyers, we created packages wherever hundreds of diverse non-financial gain and other bring about-centered companies deliver thousands and thousands of pounds in mixed funding,” mentioned Andre Benjamin, head of tactic at HundredX, in a statement. “Supporters of these will cause can ‘give with out spending’ by merely sharing their selection of experiences as customers.”

According to the company’s web page, it’s generated a lot more than 5 million responses interactions about brand names in customer spaces like dining establishments, retail, CPG, health and fitness care, and know-how.

Big-name backers

Launched in 2012 as Goodsnitch, HundredX relocated to North Texas in 2017. In accordance to the Dallas Business Journal, the company has about 50 staff.

In addition to Schwab, who’s performing as an personal trader and not as component of his part as chairman of the monetary business, the latest funding round for HundredX contains previous backer Clark Hunt, the chairman and CEO of FC Dallas and the Kansas Town Chiefs, who stated that HundredX has served FC Dallas youth groups raise hundreds of countless numbers for scholarships and gear. HundredX also counts John Hayes, previous CMO at American Specific, as a previous backer.

“In business enterprise, I noticed that the leaders who prioritized shopper encounter and had actionable insights usually received,” Rate said. “Advising nonprofits, I observed tens of tens of millions of passionate supporters who comprehended the funding wants but could not constantly compose a test. HundredX unites these two worlds and serves as a new design to mix doing excellent and doing well in company.”

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R E A D   N E X T

  • Two nonprofits will each obtain $250,000 in grant funding. The Cash A single grants are portion of a $3.5 million motivation to 12 nonprofit corporations.

  • Santander Consumer will companion with tech and community nonprofit Comp-U-Dopt to deliver free of charge large-velocity World-wide-web connectivity to up to 10,000 Dallas university student homes, alongside with free of charge notebook personal computers, education, and support to qualified lower-profits inhabitants. It is the initial stage in a two-12 months system to include several other cities, funded by a full of $35 million in grants from Dallas-primarily based Santander Consumer’s foundation.

  • Forces for Good: AT&T Commits $1M to Southern Dallas Thrives, Last Mile Announces North Texas Education Fund, and $300K Is Awarded to Five Dallas Nonprofits

    In addition, you may listen to about area $450K Countrywide Endowment for the Arts awards a $7.5M reward to Children’s Clinical Middle Plano Miranda Lambert’s partnership with Animals Alive! and additional.

  • Craftwork

    The Starbucks Basis has awarded $2 million full to a lot more than 1,000 companies across the U.S. and Canada, such as 14 from North Texas.

  • Satisfy the organizations honored for their work to strengthen the life of kids and family members in Dallas County. The Dallas Foundation, the very first neighborhood basis in Texas, awarded the strategically aligned affect prizes as section of North Texas Supplying Day.

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