Goodera Raises $10M in Series A Funding
Goodera, a Salt Lake City, Utah-based employee volunteering company, raised $10M in Series A funding.
Backers included Elevation Capital, Zoom Ventures, Xto10X, Nexus Venture Partners, Omidyar Network, and Binny Bansal.
The company intends to use the funds to scale its team, technology, and activity catalog. Led by Abhishek Humbad, Founder and CEO, Goodera is a platform for employee volunteering. It executes virtual, hybrid, and in-person volunteering experiences for employees in 100+ countries and 20+ languages across multiple causes – education, climate change, diversity and inclusion, accessibility, etc. benefitting 50k+ nonprofits. The company has over 400 customers like IBM, Target, EY, Amazon, and other leading brands, including 60 from Fortune 500.
As of today, the platform provides access to 10M+ employees through their customers, and they aim to reach 100M+ employees by 2025.
Lets read Goodera`s founder Abhishek Humbad `s note:
I’m thrilled to announce that we’ve raised $10 million in a funding round with participation from Zoom Ventures, Elevation Capital, Xto10X, Nexus Venture Partners, and Omidyar Network India. We also have on board Ursula Burns, former CEO of Xerox, who, along with Binny Bansal and our other mentors will guide our next chapter of growth.
I want to thank all our investors, customers, nonprofit partners, ambassadors, and especially the Goodera team for helping us reach this milestone. I’m proud to work with some of the brightest minds and strongest forces in the industry and cannot wait to celebrate this win with you.
We launched our volunteering pilot in 2020, with the aim to make social impact accessible and engaging for organizations around the globe. Our explosive growth underlaid with strong foundations has been a point of pride for everyone at Goodera and we will build on this momentum by strategically expanding our global operations, teams, and categories.
What’s next for Goodera?
We’ll be using this funding to
Scale our teams
With this funding, we’ll scale the Goodera team across functions and expand our nonprofit and host network to unlock new geographies, languages, and bring the Goodera experience to workplaces around the world.
Strengthen our infrastructure
We’re building capabilities to deliver on-demand experiences wherever your team is located on this planet and however they choose to work: in-person, remote, or hybrid.
Invest in exploring new categories & use cases
Our customers are finding new ways to leverage the Goodera experience everyday as an employee onboarding activity, to celebrate the holidays, as an agenda in town halls, and as team-building exercises. We will build on our expertise to explore new categories in volunteering and cater to the unique needs of our global customers.
What can our customers look forward to?
Our customers and champions have been instrumental in inspiring our growth and mission to power the world of good. We’ll soon be rolling out exciting co-creation and learning initiatives to discuss, debate, and exchange knowledge to build the future of volunteering.
Volunteering is ages old and has been undisrupted. We are changing that forever through our employee volunteering platform. We have an exciting journey ahead of us and I look forward to bringing our volunteering experiences to every workplace – Together.
Onwards and upwards,
Abhishek Humbad
