Benevity

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]

Benevity, Inc.

Company type	Privately held company
Industry	Computer software, Cloud software, Software as a service
Founded	2008; 17 years ago (2008)
Founder	Bryan de Lottinville
Headquarters	Calgary, Alberta , Canada
Area served	Worldwide
Key people	Bryan de Lottinville (Executive Chairperson) Kelly Schmitt (CEO)[1]
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.com

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

The Meredith Block (right) in 2016, prior to Benevity moving in

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 2021^[update], Benevity also has offices in Victoria, British Columbia; Toronto, Ontario; San Mateo, California; Geneva, Switzerland; and Barcelona, Spain.^[11]