CSR platform Goodera raises $5.5 mn from Nexus Ventures and others

Bengaluru-based Goodera, a corporate social responsibility (CSR) Lifecycle Management platform that connects companies with non-profit organisations (NPOs), has raised $5.5 million in a series A round led by Nexus Ventures. Varsha Rao, previously Head of Global Operations at Airbnb also participated in this round along with other prominent angels.

The funds raised through this round will be utilized in enhancing technology, deepening domain expertise and supporting customer acquisition and experience.

Goodera is creating business and social value at scale at the global stage using best in class technology and solving big problems for the CSR ecosystem.

"We empower 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.

Goodera was founded in 2014 by BITS Pilani alumni Abhishek Humbad and Richa Bajpai, helps solve the critical need for corporates and NPOs to have last mile visibility of progress and impact measurement of their CSR projects. It enables effective governance in deciding and managing CSR projects, provide insights through dashboards for different stakeholders and data driven stories of change for powerful communication.

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. Around 10 per cent of corporate India’s total CSR spend is managed on Goodera. 200,000 employees globally volunteer using Goodera.

In 2015 Goodera (the then NextGen) had raised an undisclosed amount of funding from Mumbai Angels and a group of angel investors based out of Bengaluru.

Other start-ups working in the same space are Milaap, Corporate360 and Impact GURU.