Benevity company profile: valuation, funding & revenue

This Benevity company profile covers the company's valuation, revenue, funding rounds, investors and history. Benevity works in corporate purpose software, with a focus on employee giving and volunteering. It was founded in 2008 and is headquartered in Calgary, Alberta, Canada. Its latest valuation on record is About US$1.1 billion (reported; terms not disclosed) (December 2020). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.

Revenue

About $100M annual revenue — Annual revenue (as reported by The Globe and Mail), as of October 2019. Source: BetaKit (citing The Globe and Mail).

Funding history

Benevity timeline

Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.

• 2008 — Benevity is founded in Calgary by Bryan de Lottinville.
• Oct 2019 — Series C: $40M, valuing the company at Nearly US$400M (reported). Investors: JMI Equity and General Atlantic.
• Dec 2020 (closed early 2021) — Controlling stake acquired: Not disclosed, valuing the company at About US$1.1B (reported). Investors: Hg (buyer); sellers included founder Bryan de Lottinville, JMI Equity and General Atlantic.
• 2025 — Donations facilitated: About US$2.7B in 2025, to about 312,000 nonprofits (company data).
• 2025 — Volunteering: About 1.87M employees logged nearly 24M hours in 2025 (company data).
• December 2020 — Valuation step-up 2019 to 2020: Nearly US$400M (2019) to about US$1.1B (2020), both reported.

Investors

Benevity, the Calgary company whose software runs employee giving and volunteering programmes for many of the world's largest companies, was valued at about US$1.1 billion when British private equity firm Hg bought control in 2020. No new valuation has been disclosed since. This profile explains that figure, how Benevity's value may have changed under Hg, what it launched in 2026 and what is public about its revenue.

Benevity's valuation

The latest sourced valuation is about US$1.1 billion. In December 2020 Hg agreed to acquire a controlling stake, buying shares from founder Bryan de Lottinville and growth investors JMI Equity and General Atlantic. Terms weren't disclosed officially, but reports put the valuation at about US$1.1 billion, according to BetaKit. That was roughly two and a half times the nearly US$400 million at which JMI and General Atlantic had invested about a year earlier. Law-firm deal records described it as the largest Canadian software deal in a decade at the time, and the deal closed in early 2021.

Because Benevity is now privately owned by a buyout firm, there are no regular funding rounds to update its price. Its value today depends on revenue growth and profitability since 2020, and on how buyers value software companies in its niche. A sale by Hg, a new investor buying a stake or a public listing would be the moments when a new number becomes public. Private equity firms typically hold companies for four to seven years, and Hg has owned Benevity since 2021, so a transaction would not be surprising, though none has been announced.

Revenue: what's public

When it raised its Series C in October 2019, The Globe and Mail reported that Benevity generated about $100 million of annual revenue, as cited by BetaKit. No updated figure has been disclosed. Revenue was growing then, so the 2019 number is a floor rather than a current estimate.

The company does publish data on activity through its platform. Its 2026 State of Corporate Purpose report said about 1.87 million employees volunteered nearly 24 million hours in 2025, according to a company release, and NonprofitPro reported that Benevity's community facilitated about US$2.7 billion of donations to roughly 312,000 nonprofits. Benevity has cited higher totals when corporate grants are included. Those are donation flows, not Benevity's revenue; its income comes mainly from software subscriptions paid by employers.

Benevity in 2026

• AI platform: at its Benevity Live! conference in June 2026, it presented what it calls an AI-native platform for corporate social responsibility, with an agentic product, Impact Workspace, due later in the year, according to GlobeNewswire.
• Microsoft Teams: on 1 October 2026 it launched an app that brings giving and volunteering into Microsoft Teams, with QR-code access planned for employees without work computers, according to a company release.
• Grantmaking: in March 2026 it added AI tools for grant applications and summaries.
• Recognition: Fast Company named it to its list of the World's Most Innovative Companies of 2026, according to the company.
• Nonprofit payments: product updates in September and October 2026 added weekly disbursements from donor-advised funds and self-service bank verification for US nonprofits, aiming to get money to charities faster.

The 2026 report also found that nearly three-quarters of corporate impact leaders said the political and regulatory climate had shaped their strategy, as some companies scaled back or relabelled diversity and ESG programmes. Benevity's data suggests most companies kept their giving programmes, and that corporate giving rose.

Overview

Benevity makes software that companies use to run employee giving, matching, volunteering, community investment and grant programmes. When an employer matches staff donations or tracks volunteer hours and reports on its social impact, there's a good chance the platform behind it is Benevity. Bryan de Lottinville founded the company in Calgary in 2008, and it became one of Canada's most valuable software companies without following the classic Silicon Valley venture path.

Ownership and funding history

October 2019: JMI Equity and General Atlantic invested $40 million in a deal that reportedly valued Benevity at close to US$400 million.

December 2020: Hg agreed to acquire a controlling stake at a reported US$1.1 billion, closing in early 2021. Hg later brought in co-investment from impact- and sustainability-focused funds. Benevity's history illustrates how growth equity and buyout capital differ from classic venture capital: fewer, larger transactions, with control changing hands.

What PE ownership means

Under majority private equity ownership, priorities usually shift towards profitable growth, operating efficiency and, often, acquisitions that add products or customers. Owners typically plan to sell after several years, to another investor, to a strategic buyer or through an IPO. Our guides on selling to PE-backed companies and EBITDA valuation multiples explain how buyers price businesses like this.

What corporate purpose software does

Large companies run formal programmes to support causes their employees care about. Employees donate through payroll and the company matches the gift; teams volunteer and earn grants for charities; companies run community grant programmes and report on their impact. Doing this manually across thousands of employees, many countries and many charities is complex, especially vetting charities, processing donations in different currencies and producing accurate reports. Benevity handles those tasks in one place, including a database of eligible charities, payments, matching rules and reporting.

Competitive landscape

Benevity competes with other employee giving and volunteering platforms, HR and benefits platforms adding giving features, and grant management software. Its advantages are scale, a large base of well-known enterprise clients and years spent building the charity database and payment infrastructure that make giving work globally. Its risks are economic downturns, when companies cut discretionary programmes, and shifting corporate attitudes to ESG.

How companies choose a giving platform

Large employers usually ask how many charities employees can choose from and how they are vetted; whether donations and matching work in every country where they have staff; how the platform connects with payroll and HR systems; what the experience looks like on a phone or in tools such as Teams; what impact reporting is available; and what fees fall on donors or charities. For charities, the practical step is to keep registration details current in these databases, because many companies only allow gifts to listed charities.

What to watch next

Watch for a sale or recapitalization by Hg, which would set a new public valuation; adoption of the Impact Workspace agentic product; acquisitions in grants and impact measurement; and corporate giving trends as ESG politics evolve.

Key facts at a glance

Benevity is a Calgary company founded in 2008 by Bryan de Lottinville that makes software for employee giving, volunteering and corporate community programmes. It raised a $40 million Series C from JMI Equity and General Atlantic in 2019 at a reported valuation of nearly US$400 million, when it reportedly had about $100 million of revenue. In December 2020 Hg agreed to acquire control at a reported US$1.1 billion, its latest sourced valuation. In 2026 it launched an AI-native platform and a Microsoft Teams app.

What this means if you're…

Selling to Benevity: frame your offer in terms of efficiency, revenue growth or measurable payback, as PE-owned software companies buy carefully.

A nonprofit: keep your details current on the platforms companies use for employee giving, as it can directly affect donations.

Studying valuations: Benevity's jump from about US$400 million to about US$1.1 billion in a year shows how a change of buyer type, from growth investors to a control buyer, can reset a company's price. See our Canadian unicorns guide for comparison.

Sources

Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.

1. BetaKit
2. BetaKit
3. NonprofitPro
4. Benevity (GlobeNewswire)