Goodera, a global CSR and sustainability management technology platform, co¬‐headquartered in Bangalore and Menlo Park, has raised $5.5 million in series A round of funding 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.
The funds raised through this round will be utilized in enhancing the Company’s technology, deepening domain expertise and supporting customer acquisition and experience.
In connection with the funding, 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.”
“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,” said Siddharth Nautiyal, Investment Partner at OmidyarNetwork, the philanthropic investment firm created by eBay Founder, Pierre Omidyar.
“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.