Benevity
Canadian technology company
From Wikipedia, the free encyclopedia
Benevity is a Calgary-based company that provides charitable donation-management, volunteer-management and grant-management platforms. Benevity is one of Western Canada's largest startups.[2] Its customers include Nike, Coca-Cola, Microsoft, Google, and Apple,[4] and about 250 of the Fortune 1000 as of 2017[update].[5]
 | |
| Company type | Privately held company |
|---|---|
| Industry | Computer software, Cloud software, Software as a service |
| Founded | 2008 |
| Founder | Bryan de Lottinville |
| Headquarters | , |
Area served | Worldwide |
Key people |
|
| Revenue | $100 million (2019)[2] |
| Owners | Hg, The Rise Fund, Generation Investment Management, JMI Equity, General Atlantic |
Number of employees | ~650[3] (2019) |
| Website | benevity |
The firm's products support companies in managing and tracking their employees' charitable giving, promoting charitable giving and volunteering, while reducing the costs of companies processing donations themselves.[6]
History
Benevity was founded in 2008 by Bryan de Lottinville, who previously worked as COO of iStockphoto (sold to Getty Images in 2006), with a team of four software developers.[4] In 2010, it became one of only 15 certified B Corporations in Canada, and one of the first in Alberta, signifying its commitment to corporate social responsibility.[7]
In 2016, Benevity was the third-fastest growing startup in Canada as ranked by Deloitte, with over 5,800% revenue growth.[8] In 2017, Benevity ranked 10th with 5,411% revenue growth.[8]
In October 2019, Benevity raised $40 million in Series C funding from existing investors JMI Equity and General Atlantic, which valued the company at near US$400 million market cap.[2]
In December 2020, Benevity achieved unicorn status when Hg Capital purchased a majority stake in the company for US$1.1 billion.[9]
Headquarters
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When Benevity was founded in 2008, the company was based in a small office above a shawarma shop.[2] In 2017, Benevity moved into its fifth and largest headquarters, the Meredith Block office building in Bridgeland, adjacent to downtown Calgary.[10][11]
As of 2025[update], Benevity also has offices in Toronto, Ontario; Geneva, Switzerland; and Barcelona, Spain.[11]