Benevity operates an enterprise impact platform that helps organizations manage and measure corporate social responsibility initiatives. The platform brings together employee giving, volunteering, grants management, and employee resource groups into a single system.
By providing real-time reporting, compliance tools, and data-driven insights, Benevity enables companies to align business goals with measurable social impact while improving employee engagement and organizational culture.
What Is Benevity and What Does It Do?
Benevity, founded in 2008, is a Calgary-based (Canada) HRTech and nonprofit technology company that delivers an enterprise platform for corporate social responsibility programs. The platform supports grantmaking, volunteering, employee giving, and ESG reporting for large organizations.
Benevity employs 501-1,000 employees as of July 2024 and serves thousands of enterprises across multiple industries worldwide.
How Much Funding Has Benevity Raised?
1. Series C
- Amount Raised: $40M
- Date: October 2019
- Lead Investors: General Atlantic, JMI Management
- Motivation: To accelerate global growth and enhance ESG and compliance capabilities.
Total Funding Raised: $69.3 Million
Current Valuation: $1 Billion (as of Dec 2020)
Latest Funding Date: February, 2021
Key Investors
1. CPP Investments
- Details: Canada’s national pension fund investing in long-term global growth opportunities.
- Investment Focus Areas: Private equity, infrastructure, technology-enabled platforms.
- Notable Investments: Benevity, Airbnb, Stripe.
2. Generation Investment Management
- Details: Sustainable investment firm co-founded by Al Gore, focused on long-term value creation.
- Investment Focus Areas: Sustainability, climate solutions, social impact technology.
- Notable Investments: Benevity, Impossible Foods, Asana.
3. General Atlantic
- Details: Global growth equity firm supporting high-growth technology companies.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Benevity, Airbnb, Slack.
4. JMI Management
- Details: Growth equity firm focused on enterprise software companies.
- Investment Focus Areas: SaaS, enterprise platforms, cloud software.
- Notable Investments: Benevity, ServiceNow, Toast.
Where Is Benevity’s Headquarters?
Benevity is headquartered in Calgary, Canada, which serves as the company’s primary center for platform development, enterprise operations, and global customer support.
What’s Next for Benevity?
As enterprises increasingly prioritize ESG reporting and measurable social impact, Benevity is well positioned to deepen its role as a core infrastructure provider for corporate responsibility programs. The company’s focus on data transparency, compliance, and employee engagement places it at the center of long-term corporate sustainability strategies across global organizations.
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