# Benevity

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/benevity

- Industry: Software
- Headquarters: Calgary, Canada
- Website: www.benevity.com
- Total disclosed funding: $69M
- Latest round: Series C (Oct 23, 2019)
- Investors on record: 2

## About

Founded in 2008 by Bryan de Lottinville, Ryan Courtnage and Jason Becker and based in Calgary, Canada, Benevity Inc. operates as a social software enterprise that provides corporate social responsibility (CSR) and employee engagement software. In October 2019, the company raised CAD 40 million in series C funding from General Atlantic and JMI Equity. In December 2020, Benevity, Inc. raised an undisclosed amount of venture funding led by Hg, with participation from Generation Investment Management and TPG. The company’s CEO is Kelly Schmitt and has offices in Victoria, Toronto, San Mateo, and Gloucestershire.

The company develops workplace giving and volunteer management software solutions. Benevity, Inc. provides a workplace giving platform that includes custom cause portfolios and disaster response, dynamic news and blog content, matching incentives, centralized donation management, and consumer engagement solutions. The company's software allows users to create giving programs, track and promote events, search resources such as locations, funds, and interests, and connect with the community. The company’s client base includes Nike, Coca-Cola, Google, and Apple. Benevity Inc.'s products also allow companies to manage and track their employees' charitable giving, promote charitable giving and volunteering and reduce the costs of processing donations themselves.

As of 2019, the company has more than 600 clients with a client retention rate of 99%. The company’s revenue is USD 100 million and it signed with 50 new enterprises as its clients in the first half of 2019. In 2016, Benevity, Inc. had 5,800% revenue growth and, 5,411% revenue growth for the previous year. In 2020, the company’s platform with its 19 million employees had driven more than 34 million hours in volunteering time and talent, 275,000 positive actions, over one million grants and more than USD 6 billion in donations. 

The company's future strategy includes enhancing products and expanding clients and cause support services.

## Funding rounds

- Series C, Oct 23, 2019, $40M — General Atlantic, JMI Equity
- Series B, Jan 11, 2018 — General Atlantic
- Series A, Jul 22, 2015, $29M — JMI Equity

## Investors

- JMI Equity (https://capitalatlas.ai/funds/jmi-equity) — Series A, Series C
- General Atlantic (https://capitalatlas.ai/funds/general-atlantic) — Series B, Series C