Goodstack Revolutionizes Philanthropy with Innovative Technology
Goodstack is making significant strides in revolutionizing the way companies engage with philanthropy and social impact initiatives. By providing technology that facilitates corporate grants, in-kind product donations, and employee as well as customer giving, Goodstack is poised to make a profound difference in various communities. This platform, dedicated to purpose-driven businesses, is on track to facilitate donations exceeding $3 billion in 2024 alone, impacting over 215 countries and territories. Notable global brands, including the likes of LinkedIn, Canva, Atlassian, and Monday.com, are leveraging this platform to enhance their philanthropic efforts alongside thousands of nonprofits, such as the Red Cross, Cancer Research, and Oxfam.
On November 18, 2024, in London, Goodstack announced that it successfully raised $28 million (£22 million) in its Series A funding round.
The investment round was led by General Catalyst, with contributions from existing stakeholders Morpheus Ventures and Repeat (formerly known as Jigsaw). This funding is a testament to Goodstack's rapid growth trajectory as it continues to develop its AI-driven software aimed at transforming charitable giving on a global scale. This financial boost will enable Goodstack to further improve its platform and expand its offerings for both businesses and nonprofits, helping them integrate purpose into their operational frameworks more effectively.
As the philanthropic landscape continues to grow—accounting for more than $2 trillion or 3% of global GDP—there remains a significant gap in technological support for the nonprofit sector. Companies today are increasingly expected to engage in social responsibility, yet they often find it challenging to streamline these processes. Goodstack aims to bridge this gap by creating an interoperable ecosystem for good, empowering nonprofits and businesses alike with top-notch technological solutions. With its recent expansion to 100 employees across offices in London, San Francisco, and Sydney, Goodstack is well-positioned to scale its impact and make it easier for businesses and their stakeholders to contribute positively to society. As Henry Ludlam, the founder and CEO of Goodstack, puts it, the mission is to deliver the world’s best technology and funding to nonprofits swiftly, transforming the landscape of charitable giving for good.
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