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Community Development & Infrastructure

Purse

Purse is a Charlotte-based technology platform helping nonprofits raise money and engage supporters through fantasy golf, providing organizations a free fundraising tool tied to major championships.
Convertible Notes
SDG 11 | SDG 17 | SDG 9
Charlotte, North Carolina

$420K

deployed
CAPITAL DEPLOYED

180

units
units created

620+

people
people housed

2024

year
investment year

The Investment

Purse is a Charlotte-based technology platform helping nonprofits raise money and engage supporters through fantasy golf. By combining charitable giving with the competitive energy of sports, Purse creates a new way for donors, fans, and nonprofit communities to participate in fundraising together. The platform is designed to be free for nonprofit partners, giving organizations access to an interactive fundraising tool without incurring additional technology costs. Through fantasy golf contests tied to major championships, Purse aims to help nonprofits reach new audiences, deepen supporter engagement, and create recurring fundraising opportunities. In March 2026, Abundance Angels recommended $120,000 in flexible capital to support Purse’s growth. The investment provided capital for platform development, partner onboarding, working capital, and operational runway. Returns are not guaranteed and depend on company performance, repayment activity, conversion events, and future liquidity.

Impact Metrics

180 units

Affordable housing units created and preserved

620+ residents

Low-income residents housed with stable, affordable rent

$2.1M leveraged

Additional capital mobilized from public and philanthropic sources

SDG Alignment

9
SDG 9: Industry, Innovation and Infrastructure
11
SDG 11: Sustainable Cities and Communities
17
SDG 17: Partnerships for the Goals

Investment Details

Type
Convertible Notes
Amount
$120,000
Impact Pillar
Community Development & Infrastructure
Status
Deployed
Location
Charlotte, North Carolina

About the Organization

Purse is a Charlotte, NC technology company combining charitable giving with the competitive energy of sports through fantasy golf. The platform is free for nonprofit partners, giving organizations an interactive fundraising tool to reach new audiences, deepen supporter engagement, and create recurring fundraising opportunities tied to major golf tournaments throughout the year.

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