Fondomat was an online crowd funding platformfounded in 2011 by Joe Wakeford and Conrad Watts originally launched in Prague, Czech Republic then relocating to London, England in Pound Sterling. The website handled the administration of charitable donations and the funding of individual projects. Online fundraising tools were used to raise awareness of projects via social networks while enabling the electronic collection of donations. The company was dissolved in January 2015 with the founders moving on to run companies established using the crowdfunding methods originally employed by Fondomat.