Dear friends,

The time has come for us to shut down CodeFund. As many others, we were unable to survive the economic downturn.

We want to express our gratitude to all of our amazing publishers and dedicated advertisers. It’s a hard decision to take a risk with a small project, especially when there are other more established alternatives. We want to thank Gitcoin and ConsenSys for taking a chance on us and providing a runway for success.

When we started CodeFund (then Code Sponsor) back in 2017, our goal was to create an ethical path for open source projects to generate funds. Since then, we have paid out over $670,000 to developers, bloggers and app builders all over the world. The relationships forged throughout this journey are more than business relationships and will live well beyond CodeFund.

Working in the open has been an incredibly rewarding experience. We’re proud to have built one of the largest open source Ruby on Rails projects around and hope the community found some value in the tools and techniques we created at CodeFund.

Here are some of the highlights.

  • 500+ million ethical ads served
  • 1 million advertisements shown per day
  • 3 million web requests per day
  • 60 ms average response times
  • 2 million background jobs per day (over 1B total)
  • All hosted on Heroku for under $1.5k/mo

Sincerely,

Eric, Nate and the CodeFund team