BGF committed a further £4.6m to support the accessibility software provider's growth strategy.
"This marks a significant step forward in our growth ambitions and is another positive milestone on our investment journey with BGF. In the last 12 months, our pioneering technology has supported more than 7 million users across Europe, the United States and Australia. Our ambition is to extend that reach – not only to accelerate our own growth, but to help millions more people to access online content around the world."
Northstar Ventures led the round, which will fund platform enhancements and commercial expansion.
"It’s no surprise that OnHand is thriving, thanks to their exceptional leadership team. Our investment will support technical improvements to enhance the platform’s gamification and expand user options even further. It will also help the company achieve their ambition of breaking into the enterprise market. We are thrilled to support such an exciting, innovative company, as we recognise the value of corporate volunteering."
The seed round was led by The FSE Group via the South West Investment Fund, with participation from Fuel Ventures.
"Building a healthy workplace culture is a collective responsibility; employees need to feel equipped, safe and protected, with Employee Relations and Compliance empowered and accountable. Our platform supports organisations to act fairly, kindly and responsibly, reaping the benefits of the Safe Workplace they create. We are delighted to receive this South West Investment Fund funding, which will enable us to further develop our product and expand our team."
The London-based SaaS and fintech platform raised the funds from General Catalyst, Morpheus Ventures and Repeat to further develop its technology stack.
"Goodstack enables its customers to serve all stakeholders—employees, customers, and communities—by supporting nonprofits and charitable giving. The validation and trust that partners like LinkedIn and Canva have in Goodstack is a powerful testament to the company’s value, and combined with strong leadership, positions Goodstack well for continued success."
