What is Benevity?
Founded in 2008 and headquartered in Calgary, Alberta, Canada, Benevity, Inc. specializes in providing comprehensive software solutions for corporate social responsibility (CSR) and employee engagement. Their platform facilitates online giving, matching donations, volunteerism, and community investment initiatives, empowering organizations to foster a culture of giving and social impact among their workforce. The company's offerings are designed to streamline and enhance the effectiveness of corporate philanthropic efforts.
How much funding has Benevity raised?
Benevity has raised a total of $68.8M across 2 funding rounds:
Series A
$28.8M
Series C
$40M
Series A (2015): $28.8M with participation from JMI Equity
Series C (2019): $40M led by JMI Equity and General Atlantic
Key Investors in Benevity
JMI Equity
JMI Equity, founded in 1992 and headquartered in Baltimore, Maryland, is a growth equity firm focused on investing in leading software companies. Their expertise in the software sector makes them a strategic partner for companies like Benevity.
General Atlantic
General Atlantic is a global growth equity firm that provides capital and strategic support to high-growth companies across various technology sectors. Their international presence and focus on scaling businesses align with Benevity's growth trajectory.
What's next for Benevity?
With a history of strategic investment, Benevity is well-positioned for continued expansion and innovation in the rapidly evolving CSR technology landscape. The recent enterprise-level funding suggests a focus on scaling operations, enhancing product development, and potentially exploring new market opportunities. This capital infusion will likely enable Benevity to further solidify its leadership in employee engagement and corporate giving software, driving greater social impact for its clients.
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