What is Deed?
Deed operates a sophisticated workplace giving and volunteering platform designed to empower millions of employees to contribute their time, money, and skills to causes they champion. The company's enterprise social impact software is instrumental in enhancing employee engagement and offers comprehensive solutions across Employee Engagement, ESG, Social Impact CSR, Workplace Philanthropy, and DEIB initiatives. Key product offerings include Employee Giving, Employee Volunteering, Grants, and Communities, all engineered to facilitate impact seamlessly, anytime, anywhere, and with everyone involved. Deed's mission is to foster a community dedicated to addressing critical global challenges through innovative technology and user-centric experiences.
How much funding has Deed raised?
Deed has raised a total of $2.1M across 2 funding rounds:
Angel/Seed
$2M
Debt
$109K
Angel/Seed (2020): $2M with participation from Farzad Khostowshahi and Paua Ventures
Debt (2021): $109K led by PPP
Key Investors in Deed
Paua Ventures
Paua Ventures is an early-stage venture capital firm that invests in startups led by creative minds, focusing on disruptive companies and providing capital to founders ambitious enough to make a difference. They act as company builders with an entrepreneurial mindset, offering support throughout the entire lifecycle of their portfolio businesses.
PPP
Public-Private Partnership
Farzad Khostowshahi
Farzad Khostowshahi is an individual investor who participated in Deed's funding rounds. Specific details regarding their investment thesis or other portfolio companies are not provided.
What's next for Deed?
With the recent influx of major strategic investment, Deed is poised for accelerated growth and enhanced market penetration. The substantial capital infusion, totaling $2.1M, signals a strong validation of the company's business model and its impact on corporate social responsibility and employee engagement. This funding is expected to fuel further development of its innovative platform, expand its reach to new enterprise clients, and bolster its capabilities in areas such as ESG reporting and DEIB initiatives. Deed's strategic direction likely involves deepening its technological offerings and solidifying its position as a leader in the social impact technology space, enabling more organizations to effectively manage and amplify their philanthropic efforts.
See full Deed company page
