Goodera Raises $10 Million in Funding to Promote Employee Volunteerism in Workplaces Around the World | tech news

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At a time when some companies are still focused on profit, large corporations like Google, Microsoft and Coca-Cola have realized that they must act in a way that benefits not only their bottom line but society at large.

Some of these companies have embraced Corporate Social Responsibility (CSR), a business model that helps them be socially responsible to themselves, their stakeholders and the public. CSR has also benefited employees as they feel they are contributing to their communities.

As companies navigate hybrid work environments and seek better ways to be good corporate citizens, employee volunteer programs are becoming increasingly popular to combine social impact and employee engagement. That’s where Goodera comes in, a tech startup that drives volunteerism for the world’s most giving brands. Goodera helps businesses and corporations by curating bespoke volunteer programs designed to bring people and causes closer.

Today, Goodera announced it has raised a $10 million Series A funding round to encourage employee volunteerism in every workplace. The round was supported by high profile investors including Elevation Capital, Zoom Ventures, Xto10X, Nexus Venture Partners, Omidyar Network, Binny Bansal and others. Goodera will also invest the funds to scale its team, technology and catalog of activities.

Founded by Abhishek Humbad and Richa Bajpai, Goodera helps companies enable their employees to volunteer with thousands of nonprofit organizations in over 100 countries. To date, Goodera’s platform provides access to over 10 million employees through their customers and they aim to reach over 100 million employees by 2025.

“Goodera has reimagined volunteerism to meet the needs of its evolving workforce. Her inspiring growth gives me hope for a future where employers take action on important issues like diversity, equity and climate change. I look forward to joining Goodera in this mission to engage millions of employees in volunteering,” said Ursula Burns, former CEO of Xerox. Ursula is a Goodera investor and mentor.

Goodera runs virtual, hybrid, and in-person volunteer experiences for employees in 100+ countries and in 20+ languages ​​for a variety of reasons – education, climate change, diversity & inclusion, accessibility, etc., benefitting over 50,000 nonprofit organizations. Goodera brings much-needed technology and innovation to the field of volunteering. Goodera has grown to become a market leader with over 400 customers such as IBM, Target, EY, Amazon and other leading brands including 60 from Fortune 500.

Goodera eliminates the friction and overhead of volunteer management for businesses. Goodera enables companies to provide employees around the world with relevant, impactful and engaging volunteering experiences. Some volunteer experiences include reviewing résumés of BIPOC youth, assembling solar lamps for the homeless, planting trees and cleaning up parks, among others.

This important combination of social impact and employee engagement is being embraced by companies in novel ways. New use cases include volunteering as an onboarding activity for new employees, celebrating holidays, an agenda in town halls, and even as leadership and team building exercises.

“Volunteering has become mainstream in companies of all sizes, industries and geographies. It’s the most meaningful employee engagement, especially for Gen Z and Millennials. Goodera solves a massive need that has been underserved and overlooked, particularly in the remote and hybrid work environment. We are proud to be a customer and now an investor in their effort to bring volunteerism to every workplace,” said Sanjay Rao, Head of Corporate Development, M&A Strategy and Zoom Ventures.

“Every team in the world wants to volunteer, but there is insane friction. From finding the right nonprofit to completing the volunteering, logistics, and impact measurement, there are a lot of overheads involved. We simplify volunteering and eliminate this overhead. Millions of employees can now volunteer without having to devote time and effort to volunteer management. We’re proud of the social impact we’ve created for thousands of nonprofits, and excited by the joy and empathy we bring to millions of employees. This fundraiser will help us expand our infrastructure to enable millions of employees to volunteer,” said Abhishek Humbad, Founder and CEO of Goodera.



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