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Omidyar Network

From Wikipedia, the free encyclopedia
Investment firm founded by Pierre and Pamela Omidyar
Omidyar Network
Company typeImpact investor,non-profit organization
Founded2004; 21 years ago (2004)
FounderPierre Omidyar
Key people
Mike Kubzansky (CEO)[1]Michele Jawando[2]
Revenue25,198,385 United States dollar (2022) Edit this on Wikidata
Total assets367,592,522 United States dollar (2022) Edit this on Wikidata
Websiteomidyar.com

Omidyar Network is a self-styled "philanthropicinvestment firm," composed of a foundation and animpact investment firm.[3] Established in 2004 byeBay founderPierre Omidyar and his wife Pam,[4][5][6] Omidyar Network has committed over US$1.5 billion tononprofit organizations andfor-profit companies across multiple investment areas.[7]

The organization is based inRedwood City, California,[8] with an office inWashington, D.C., United States.[9]

History

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The Omidyar Network comprises a501(c)(3) and aLimited Liability Company (LLC), and part of The Omidyar Group.[10][11] It was established in 2004 byPierre Omidyar and his wife, Pam.[6]

By 2025, Omidyar Network had awarded almost $2 billion to more than 700 organizations, encompassing spending on grants to nonprofits and investments in for-profit companies.[12]

People

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As of 2022, the CEO of Omidyar Network is Mike Kubzansky.[5] Its board of directors include the managing directors of The Omidyar Group, Jeff Alvord and Pat Christen[13] and in 2023Michele Jawando was senior vice president for programs.[14]

Jawando became president of the organization in 2025.[15] Pam Omidyar is also on the organization's board,[16] which in 2023 added Marta L. Tellado and Mona Sutphen.[17]

Investees

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Omidyar Network invested in the microfinance sector, includingUnitus Inc.[18]

In 2009, the Omidyar Network donated $2 million over two years to theWikimedia Foundation, and during that same time, Matt Halprin of Omidyar Network was appointed to Wikimedia's board of directors.[19][20]

From 2012, Omidyar Network has been a partner ofBetter Than Cash Alliance.[21][22]

In 2017, Omidyar Network together with AVINA Americas andAvina Foundation founded the Latin American Alliance for Civic Technology (ALTEC) to invest in and support the development in Latin America of civic technology platforms and related scalable technologies.[23]

In 2020, it invested $150,000 in the legal assistance organizationWhistleblower Aid.[24]

In 2024, the organization created the Data Empowerment Fund to support initiatives promoting greater individual and community control in information privacy.[25]

Reporters in Residence Program

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The Reporters in Residence program was launched in 2022 and is designed to give freelance reporters financial support (in the form of a monthly stipend) in an effort to increase coverage of deeper and more pressing economic issues.[26][27]

Spinoff organizations

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In 2011, Democracy Fund was established as an Omidyar Network initiative; three years later, it became an independent foundation.[28] Omidyar Network spun out Spero Ventures, a venture capital fund, in March 2018.[29]

In 2018, Omidyar Network spun off its Governance & Citizen Engagement initiative.[30] The group now operates as Luminate, a global philanthropic organization that invests in civic empowerment, data anddigital rights,financial transparency, andindependent media.[30] Melanie Hui is its CEO.[31] In 2019, Omidyar Network spun off its Financial Inclusion initiative.[32] The group now operates as Flourish and is led by Tilman Ehrbeck, Arjuna Costa, and Emmalyn Shaw. A year later, the organization spun off its education portfolio as Imaginable Futures.[32]

In January 2020, Omidyar Network spun out its property rights initiative as a new nonprofit organization called PlaceFund.[33]

India

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In 2010, Omidyar Network established an operation in India to invest in Indian start-ups seeking to solve problems faced by half a billion people.[34]

In July 2023, it was reported the company had $673 million worth of investments under management in Indian and had made investments in companies including 1mg, Bounce, Vedantu, Bijak, DealShare, Doubtnut, Entri, HealthKart, Indifi, M2P and Pratilipi.[34][35]

In 2022, it was reported that the company was investigated by theCentral Bureau of Investigation in India over alleged violation on the receivership of oversees donations.[34]

In December 2023, the company announced it would cease operations in India by the end of 2024, saying it had "achieved its primary objective of catalysing impact,".[34]

See also

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References

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  1. ^"Building Responsible Tech: A Conversation with Mike Kubzansky".Wired. Retrieved13 March 2025.
  2. ^https://philanthropynewsdigest.org/news/people-in-the-news-05-18-2025-appointments-promotions-obituaries
  3. ^"The Omidyar way of giving".The Economist. No. October 26, 2013. October 26, 2013. Retrieved11 May 2015.
  4. ^Rice, Andrew (2 November 2014)."The Pierre Omidyar Insurgency".New York.
  5. ^abSchwartz, Brian (14 September 2020)."EBay founder Pierre Omidyar's philanthropic investment group calls for a new version of capitalism".CNBC.
  6. ^ab"Omidyar, Ford, Cummings purchase stake in generative AI firm Anthropic".Philanthropy News Digest (PND). 9 April 2024. Retrieved2025-03-25.
  7. ^"Pierre Omidyar".Forbes. Archived fromthe original on 15 August 2022. Retrieved21 August 2021.Through his Omidyar Network, launched in 2004, he's put over $1.5 billion into impact investments and nonprofits that tackle global problems.
  8. ^WALLACE, NICOLE (2011-10-02)."A Grant Maker Focuses on Helping to Build Nonprofits' Operations".Chronicle of Philanthropy. Retrieved2025-11-17.
  9. ^Callahan, David (2023-05-09)."The D.C. Power List: The Most Influential Philanthropists Shaping National Policy".www.insidephilanthropy.com. Retrieved2025-11-17.
  10. ^Guth, Robert A. (October 22, 2008)."EBay Founder's Philanthropic Firm to Donate More".The Wall Street Journal. pp. A4.
  11. ^Levitsky, Allison (14 September 2020)."Billionaire eBay founder's philanthropy calls for re-imagination of capitalism".American City Business Journals.
  12. ^Callahan, David (2019-07-17)."Inside the Omidyar Network, New Thinking About a Changed World".www.insidephilanthropy.com. Retrieved2025-11-17.
  13. ^"Leadership".Omidyar Network. 14 December 2020. Retrieved20 August 2022.
  14. ^Kurtz, Josh (January 19, 2023)."When it comes to celebrities at the inauguration, there's Oprah and there's everybody else".Maryland Matters. RetrievedMay 1, 2023.
  15. ^Candid."People in the News (05/18/2025): appointments, promotions, obituaries".Philanthropy News Digest (PND). Retrieved2025-11-17.
  16. ^https://www.insidephilanthropy.com/find-a-grant/major-donors/pierre-and-pam-omidyar
  17. ^Candid."People in the News (02/26/2023): appointments, promotions, obituaries".Philanthropy News Digest (PND). Retrieved2025-11-17.
  18. ^Strom, Stephanie; Bajaj, Vikas (29 July 2010)."Rich I.P.O. Brings Controversy to SKS Microfinance".The New York Times. Retrieved29 December 2020.
  19. ^Ha, Anthony (25 August 2009)."Wikipedia gets $2M from Omidyar Network".VentureBeat.Omidyar Network just announced that it's making a $2 million grant to the Wikimedia Foundation … Matt Halprin, a partner at [Omidyar], is also joining Wikimedia's board of trustees.
  20. ^West, Jackson (25 August 2009)."$2 Million Buys eBay Founder a Wikipedia Seat".NBC Bay Area.The Omidyar Network, a fund established by eBay billionaire Pierre Omidyar, has pledged $2 million over two years to support the site, and in return landed fund partner Matt Halprin a seat on a shaken-up board of trustees.
  21. ^Goel, Vindu (6 November 2016)."Philanthropy in Silicon Valley: Big Bets on Big Ideas".The New York Times.And Omidyar participates in the Better Than Cash Alliance, an advocacy group that partners with governments and others to encourage the distribution of money digitally instead of through cash handouts.
  22. ^Dharshini, Priya; Kajla, Ashish; Bhattacharya, Anirban (28 November 2021)."How the Modi government wrecked India's small businesses".Quartz.the Better Than Cash Alliance [is] funded by United States Agency for International Development, Bill and Melinda Gates Foundation, Citi Foundation, Ford Foundation, Mastercard, Omidyar Network and Visa Inc.
  23. ^"Omidyar Network Invests $2.9 Million in Civic Tech Alliance".Philanthropy News Digest (PND). 19 February 2017.Archived from the original on 22 February 2017.
  24. ^Beals, Monique (2021-10-20)."Ebay founder funding Facebook whistleblower: report".The Hill.Archived from the original on 2023-03-27. Retrieved2025-03-20.
  25. ^Candid."Omidyar Network launches Data Empowerment Fund".Philanthropy News Digest (PND). Retrieved2025-11-17.
  26. ^Matthiessen, Connie (2023-02-02)."Omidyar's Latest Effort to "Reimagine Capitalism" — Funding Intrepid Journalists".www.insidephilanthropy.com. Retrieved2025-03-20.
  27. ^Ogar, Jude (2024-10-17)."Omidyar Network Reporters in Residence Program – Winter 2025 ($8,000 stipend)".Opportunity Desk. Retrieved2025-03-20.
  28. ^Staff, I. P. (2025-04-18)."Democracy Fund".www.insidephilanthropy.com. Retrieved2025-11-17.
  29. ^Konrad, Alex."Omidyar Network Spins Out New $100 Million Venture Fund Called Spero Ventures".Forbes. Retrieved2025-11-17.
  30. ^ab"New Global Civic Tech Group Emerges from Omidyar Network".www.govtech.com. 17 December 2018. Retrieved2020-11-23.
  31. ^"Rights and justice in the digital age: How can philanthropy ensure technology works for people and planet?".Alliance magazine. 2025-07-07. Retrieved2025-11-17.
  32. ^ab"Omidyar Network Spins Off Education Portfolio Into Independent Investment Firm - EdSurge News".EdSurge. 2020-01-23. Retrieved2025-03-13.
  33. ^January 2020, Catherine Cheney // 16 (2020-01-16)."Exclusive: How new venture PlaceFund plans to disrupt the property rights field".Devex. Retrieved2025-11-17.{{cite web}}: CS1 maint: numeric names: authors list (link)
  34. ^abcdSingh, Manish (2023-12-12)."Omidyar Network pulls out of India".TechCrunch. Retrieved2025-07-06.
  35. ^"'Impact' investor Omidyar to exit India after 13 years".The Times of India. 2023-12-13.ISSN 0971-8257. Retrieved2025-07-06.

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