We have advised Leetchi, a group gifting and personal fundraising website, on its LBO with 21 Invest and Advent International.
Since its founding in 2009, Leetchi has revolutionised generosity by offering a simple and secure online crowdfunding platform. Over the past 15 years, it has collected more than €2bn and built a loyal user base of 15 million active individuals. From group gifting to shared events and charitable donations, Leetchi has become a trusted platform for facilitating generosity at scale. Now, Leetchi and iRaiser are joining forces to create Donora, a newly formed group with the ambition to lead Europe in digital solutions for generosity. This union capitalises on the strengths of both companies, iRaiser’s industry-leading B2B SaaS solutions, trusted by Europe’s foremost NGOs, and Leetchi’s well-recognised and respected B2C brand.
With a combined history spanning 15 years, €4.5bn raised, and operations in 18 countries, Donora is uniquely positioned to tap into Europe’s €50bn charitable giving market. The group will support non-profits, foundations, healthcare organizations, and individual change-makers, offering an unparalleled suite of solutions for fostering generosity.
21 Invest has stepped in as the primary shareholder, alongside historical investor Advent International. The transaction, a transformational step for both companies, was structured as an LBO with unitranche financing provided by Generali.
