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Goodera Raises $5.5 Million Funding from Nexus Venture Partners, Omidyar Network

goodera raises funding

13 June 2017, India:

CSR & Sustainability Management platform Goodera, today announced its Series A round of funding of $5.5mn from Nexus Venture Partners and Omidyar Network. Varsha Rao, previously Head of Global Operations at Airbnb also participated in this round along with other prominent angels.

“Goodera empowers every stakeholder in the ecosystem including corporates, foundations, employees, government and NGOs. With the vision to power the world of good, Goodera is our new brand identity (we were previously known as NextGen), which resonates with our objective to become a trusted and a reliable partner for every corporate in the world,” said Richa Bajpai, Founder and Co-CEO at Goodera.

Founded in 2014, Goodera is a CSR & Sustainability Management platform, co-headquartered in Bangalore and Menlo Park. Powered by innovative cloud, mobile, voice and big data platform, embedded with strong domain expertise, Goodera enables and empowers corporates to manage their CSR and sustainability goals in a simple, transparent, measurable, and engaging manner.

Naren Gupta, Co-Founder & MD Nexus Venture Partners, has joined the Goodera board. “As billions of dollars flow annually through the global ecosystem of social and community good, an innovative technology platform like Goodera enables corporates to measure and optimize their CSR and sustainability goals in a simple, transparent, and engaging manner. We are thrilled to work with the Goodera team to leverage the company traction in India and the US to a broader group”.

Related read- Pinterest Raises $150 Million Funding; Company Valued at $12.3 billion

“Corporate boards, institutional funders, and CSR leaders grapple with the critical problems of CSR lifecycle management and impact measurement. Goodera is a path‐breaking platform that simplifies this value chain and helps funders create and monitor real impact,” said Siddharth Nautiyal, Investment Partner at Omidyar Network, the philanthropic investment firm created by eBay Founder, Pierre Omidyar. “As a technology-focused impact investor, we see the potential of Goodera’s solution and understand the fundamental value such tools can play in transforming the CSR and sustainability sectors.”

More than 150 large enterprises including 24 in Global Fortune 500 have adopted Goodera to effectively measure, manage and report their CSR projects across more than 30 countries. 10% of corporate India’s total CSR spend is managed on Goodera. 200,000 employees globally volunteer using Goodera.

Also read- Guiddoo Raises $300,000 Funding from Multiple Investors

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