Benevity, Inc., a leading provider of global corporate purpose software, today announced that The Rise Fund and Generation Investment Management (Generation) have joined Hg in support of Benevity’s mission to power purpose-driven businesses. Hg, a leading global software investor, became a majority investor in Benevity in December 2020 and is bringing The Rise Fund and Generation on board as new strategic minority investors.

With strong track records in sustainable and impact investing, the firms will support continued growth and innovation in Benevity’s technology that connects employees and customers to companies’ corporate giving and employee engagement initiatives and helps companies magnify their ESG (Environmental, Social and Governance) goals. As part of the transaction Hg has also brought in other, new co-investors including Canadian pension funds CPPIB, AIMCo and Vestcor, demonstrating strong Canadian support for Benevity as a rising technology industry star.

The potential for business to transform the world has never been greater, and with the power of our new partners, Benevity is better positioned than ever to lead a new era of purpose-driven business. — Bryan de Lottinville, Benevity Founder and Executive Chairperson

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Source: Private Capital Journal