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Press Release: GoodTwo Named a Finalist in MassChallenge

May 24, 2011

GoodTwo Named a Finalist in MassChallenge

Fundraising Tool that Utilizes Deal Rewards for Donors Chosen for
Incubator of World’s Largest Startup Competition

BOSTON (5/24/11)—GoodTwo (www.goodtwo.com), a free fundraising tool that allows nonprofits, community groups and individuals to raise money by rewarding their donors with great deals, today announced that it has been named a finalist in MassChallenge, the world’s largest startup competition. The competition, which began with more than 700 companies from around the world, narrowed the field to 125 finalists that will now join the MassChallenge startup incubator.

“We are thrilled to be finalists in MassChallenge,” says GoodTwo CEO Bill Yucatonis. “For the past six months, GoodTwo has been building a customer base and an innovative product that’s like nothing else in the fundraising market. This opportunity will help us continue to build our business in terms of both our platform and our relationships with nonprofit organizations and merchants. We’re looking forward joining and adding to the high energy of our fellow startups in the incubator.”

Boston-based GoodTwo launched in December 2010 as a spin-off of New England-based daily deal site CoupMe. GoodTwo was conceived as a way to allow fundraisers and nonprofit organizations to take advantage of the group buying/daily deal model.  Since its launch in December, GoodTwo has welcomed approximately 100 fundraisers onto its platform. In the coming month, GoodTwo will be launching programs that allow participants in events such as the Pan-Massachusetts Challenge and the Boston Marathon ® Jimmy Fund Walk to help meet their fundraising goals with GoodTwo campaigns.

GoodTwo provides a win-win-win situation: the cause gets a donation, the donor gets a great deal and the business providing the deal gets a new customer and valuable cause association. GoodTwo: Good Deal. Good Cause.

As MassChallenge finalists, GoodTwo will be afforded the benefits of the MassChallenge incubator, including free office space on Fan Pier, pairing with mentors and a startup boot camp. In October, MassChallenge will award $1 million in prizes to several finalists.

For More Information:
Kristen Elworthy
Director of Marketing & Publicity
kristen@goodtwo.com
978.590.0442 (mobile)

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