Goodera, a Bangalore and Menlo Park-based global corporate social responsibility and sustainability platform, announced that it raised a $10 million Series A funding round to bring employee volunteering to every workplace.
Investors in this round include Elevation Capital, Zoom Ventures, Xto10X, Nexus Venture Partners, Omidyar Network, Binny Bansal, and others.
The funds will use to scale its team, technology, and catalog.
“Every team in the world wants to volunteer, but there is insane friction in the process. From finding the right nonprofit to finalizing the volunteering activity, logistics, and impact measurement, there are a lot of overheads. Goodera’s technology simplifies volunteering and eliminates overheads. Millions of employees can now volunteer without spending time and effort on volunteer management. Airbnb’s principles inspire us, and we think of Goodera as the Airbnb of volunteering. We are proud of the social impact we have created for thousands of nonprofits and relish the joy and empathy we bring to millions of employees. This fundraise will help us scale our infrastructure to enable millions of employees to volunteer," says Abhishek Humbad, Founder, and CEO of Goodera.
Goodera has 400 customers like IBM, Target, EY, Amazon, and other leading brands, including 60 from Fortune 500. Its platform provides access to 10M+ employees through its customers, and they aim to reach 100M+ employees by 2025.
Company: Goodera Inc.
Raised: $10.0M
Round: Series A
Funding Month: November 2022
Lead Investors:
Additional Investors: Elevation Capital, Zoom Ventures, Xto10X, Nexus Venture Partners, Omidyar Network, and Binny Bansal
Company Website: https://www.goodera.com/
Software Category: Corporate Social Responsibility & Sustainability platform
About the Company: Goodera was founded in 2014 to provide a trailblazing technology platform that can help organizations drive, communicate, and measure the impact of their CSR, sustainability, and volunteering initiatives. Goodera is a cloud-based platform for corporates to track, monitor, evaluate, and report on their CSR and sustainability performance. Goodera eliminates the friction and overhead of volunteering management for enterprises. Through Goodera, enterprises can provide on-demand, impactful and engaging volunteering experiences to employees worldwide. Some volunteering experiences include – reviewing resumes of BIPOC youth, assembling solar lamps for the homeless, tree plantation, and park clean-ups, amongst others. Goodera executes virtual, hybrid, and in-person volunteering experiences for employees in 100+ countries and 20+ languages across multiple cause areas—education, climate change, D&I, accessibility, etc.—benefiting 50k+ nonprofits.
Source: https://www.goodera.com/news/goodera-raises-10m-in-funding