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Goodera, a global CSR & sustainability management technology platform, has raised $5.5 million 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, according to a statement. With this round, Naren Gupta, Co-‐Founder & MD Nexus VenturePartners, has joined the Goodera board
Goodera provides corporates automation and intelligence across monitoring and evaluation, impact measurement, grant making, reporting and employee volunteering.
It helps solve the critical need for corporates and non-profits 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, Goodera said in a statement.
"Corporate boards, institutional funders, and CSR leaders grapple with the critical problems of CSR lifecycle management andimpact 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, thephilanthropic investment firm created by eBayFounder, Pierre Omidyar. “
Over 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.
“The funds raised through this round will be used in enhancing our 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 are excited to partner with investors that strongly believe in our mission,” said Abhishek Humbad, Founder and Co-CEO at Goodera.
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