Bright Funds, a San Francisco, CA-based platform provider for employee-empowered workplace giving programs, raised $1.75m in funding.
The round was led by Aspiration Growth with participation from Bloomberg BETA, 10K Investments, Wellspring Growth Partners, Mission & Market, Godfrey Sullivan, and Frank Yeary.
The company intends to use the funds to further accelerate growth through expanded marketing and sales, enhance its enterprise platform features, and build staff in key areas as its customer base scales.
Led by Ty Walrod, CEO, Bright Funds provides a Software-as-a Service platform to companies that connects employees to causes they care about. Currently serving over 30,000 people at more than 25 companies, the Bright Funds platform enables employees to choose their causes and give to individual non-profits or exclusively available funds comprised of multiple nonprofits. Employees can build personalized portfolios of funds that focus on issues such as poverty, education and the environment.
The Enterprise platform integrates into payroll and HRIS systems, automating manual processes including vetting non-profits, managing employee contributions, automating company matching, and issuing payments to charities, as well as organizing and tracking employee volunteering. The service offers features to support high-impact disaster relief and recovery, US-based giving, international giving, and robust reporting, while enabling employees to track the progress and impact of their charitable giving.