Giving platform Benevity nets $38 mln in Series A funding from JMI Equity
Benevity Raises $38 Million in Growth Funding to Accelerate Innovation in Workplace Giving and Volunteering
CALGARY, AB – July 22, 2015 – Benevity Inc., the leading global supplier of workplace giving and volunteer management software solutions, announced the completion of a $38 million CAD Series A round with JMI Equity, a growth equity firm focused on investing in leading software and services companies. As part of the transaction, JMI General Partner, Bob Nye will join Benevity’s Board of Directors.
“Benevity is already a market leader, and our partnership will help accelerate the continued evolution of its global products and services in industry-defining ways,” said Harry Gruner, Founder and Managing General Partner of JMI. “We look forward to working with the company and supporting its growth plans.”
Founded in 2008, Benevity’s platform enables companies to engage their employees and customers around social responsibility and community investment to create better business and social impacts. Propelled by its award-winning employee giving, matching and volunteer management technology, Benevity has more than doubled in size each of the last three years. The investment from JMI Equity will help Benevity continue to advance the speed, scale and scope of product innovation and service excellence that have made it the SaaS provider of choice to nearly 100 of the Fortune 1000 companies, including several of the largest workplace giving programs in the world.