About Benevity
Benevity is a company based in Calgary (Canada) founded in 2008 was acquired by Hg in December 2020.. Benevity has raised $69.27 million across 4 funding rounds from investors including Hg, General Atlantic and CPP Investments. Benevity has completed 3 acquisitions, including Alaya Good, Chaordix and Versaic. Benevity offers products and services including Volunteering, Giving & Matching, Micro-actions, Grants, and Customer Donations. Benevity operates in a competitive market with competitors including Medallia, Culture Amp, ScribbleLive, Goodera and FrontStream, among others.
- Headquarter Calgary, Canada
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Sectors
TechnologyGovernment & Social Sector
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Benevity, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$69.27 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Hg
& 7 more
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Employee Count
Employee Count
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Investments & Acquisitions
Alaya Good
& 2 more
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Acquired by
Hg
(Dec 03, 2020)
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Products & Services of Benevity
Benevity offers a comprehensive portfolio of products and services, including Volunteering, Giving & Matching, Micro-actions, Grants, and Customer Donations. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for managing in-person and online volunteer opportunities.
System for fundraising and corporate donation matching programs.
Challenges promoting employee habits in well-being and inclusion.
Tool for streamlining grants and investment decisions.
API for integrating donations into customer interactions.
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Funding Insights of Benevity
Benevity has successfully raised a total of $69.27M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(22 Jul 2015)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Series D - Benevity | Valuation | The Rise Fund , Generation Investment Management |
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| Oct, 2019 | Amount | Series C - Benevity | Valuation | General Atlantic , JMI Management |
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| Jan, 2018 | Amount | Series A - Benevity | Valuation | General Atlantic |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Benevity
Benevity has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Hg, General Atlantic and CPP Investments. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Sector-agnostic VC investment company investing globally
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Founded Year | Domain | Location | |
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Private equity firm focused on sustainable investments
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Founded Year | Domain | Location | |
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Private equity fund focused on global markets
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Benevity
Benevity has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Alaya Good, Chaordix and Versaic. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based platform for employee social engagement
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2017 | ||||
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Platform for running crowdsourced surveys
|
2009 | ||||
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Online solutions for donation, grant, and sponsorship management are offered.
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Benevity
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Benevity Comparisons
Competitors of Benevity
Benevity operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Medallia, Culture Amp, ScribbleLive, Goodera and FrontStream, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Medallia is focused on customer and employee experience management.
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| domain | founded_year | HQ Location |
Employee experience management platform
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| domain | founded_year | HQ Location |
Employee engagement is supported through interactive assessments and polls.
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| domain | founded_year | HQ Location |
Provider of scalable corporate volunteering programs
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| domain | founded_year | HQ Location |
Integrated back-end merchant and donation solutions are provided multi-nationally.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Benevity
Frequently Asked Questions about Benevity
When was Benevity founded?
Benevity was founded in 2008 and raised its 1st funding round 7 years after it was founded.
Where is Benevity located?
Benevity is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Is Benevity a funded company?
Benevity is a funded company, having raised a total of $69.27M across 4 funding rounds to date.
What does Benevity do?
Benevity was founded in 2008 in Calgary, Canada, as a provider of software solutions in the corporate social responsibility sector. An enterprise platform is delivered to unify grantmaking, volunteering, employee giving, and employee resource group management. Operations are streamlined, risks and compliance are handled, and program impacts are measured through integrated tools. Real-time reporting and data analytics are offered to support organizational efforts in social initiatives.
Who are the top competitors of Benevity?
Benevity's top competitors include Culture Amp, Goodera and Vantage Circle.
What products or services does Benevity offer?
Benevity offers Volunteering, Giving & Matching, Micro-actions, Grants, and Customer Donations.
How many acquisitions has Benevity made?
Benevity has made 3 acquisitions, including Alaya Good, Chaordix, and Versaic.
Who are Benevity's investors?
Benevity has 8 investors. Key investors include Hg, General Atlantic, CPP Investments, AIMCo, and The Rise Fund.
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