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Two World-Leading Impact and Sustainability Funds Invest in Benevity, Accelerating the Movement
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Benevity receives investment from leading impact and sustainability funds as part of Hg deal
Calgary-based corporate social responsibility platform Benevity has received new investments from The Rise Fund and Generation Investment Management (Generation), as part of Hg’s transaction to acquire a controlling stake in the company.
A spokesperson for Benevity confirmed to BetaKit the deal closed Febuary 1, with Hg bringing on the two impact and sustainability funds as “new strategic minority investors.” As part of the transaction, Hg has also brought in other new co-investors, including Canadian pension funds CPPIB, AIMCo, and Vestcor. The terms of the deal were not disclosed, however, the spokesperson confirmed Hg continues to hold its majority stake in Benevity and that the new investors do not affect any other investors’ stakes.
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CALGARY, Alberta, Jan. 19, 2021 (GLOBE NEWSWIRE) Benevity, Inc., the leading provider of global corporate purpose software, today announced exciting executive leadership transitions as it enters the next phase of its growth following the closing of an investment from Hg’s Saturn 2 Fund on January 15, 2021.
The following transitions are effective February 1, 2021, and position Benevity strongly to deepen and expand its pioneering leadership in corporate purpose software:
Founder Bryan de Lottinville
takes on new role as Executive Chairperson. In this newly created role for the company, Bryan will continue to provide visionary leadership to the company and the corporate purpose category. Stepping back from the day-to-day operations after more than a dozen years as CEO, Bryan will now focus on the strategic growth of the company and its market-leading technology, working closely with the Board and the CEO, while continuing to be an industry thought-leader and ad
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