Good Done Great Raises $500K
CHARLESTON, SC, Technology company has raised $500,000 in growth funding from Lighter Capital in Seattle.
Good Done Great, a technology company providing the Fortune 500 with a cloud-based platform for maximizing corporate philanthropy and corporate social responsibility programs, announced today that it has raised $500,000 in growth funding from Lighter Capital in Seattle. The infusion of new capital will allow Good Done Great to scale its operations to support a larger volume of corporate giving and employee engagement initiatives.
'Prior to working with Lighter Capital, we grew our business conservatively, using only our own revenue, which may seem a quaint concept in today's startup environment,' says David Barach, CEO of Good Done Great. 'Now as client demand puts us in a position to ramp up, outside capital will help us manage growth rapidly and efficiently. Lighter Capital and its revenue-based financing model is a perfect fit for us, with business objectives that align well with ours. No one wins unless the business is generating revenue.'
Good Done Great has a proven track record of helping multi-national and global organizations, including Gulfstream, TEDCO, Marriott, Staples and PricewaterhouseCoopers, streamline processes to increase philanthropy and employee engagement. This has led to a surge in larger contracts and accelerated business growth.
'As our client base and the universe of CSR programs continues to expand, we are eager to scale our operation quite significantly to meet the added demand,' says Earl Bridges, president of Good Done Great. 'While we had been in conversation with Lighter Capital for some time, it eventually became clear that revenue-based financing was the best path for quickly addressing our needs and growing our company.'
Lighter Capital's revenue-based financing model is uniquely structured to match the ebb and flow of small business. Loan payments adjust in proportion to revenue, and there's no loss of control or restrictive financial covenants.
'Good Done Great has certainly lived up to its name when it comes to business stewardship and strategic growth,' says BJ Lackland, CEO of Lighter Capital. 'We are impressed by what David and Earl have achieved with no outside capital. They've already made customers out of some of the most recognizable brands in the world, and they're adding more every day. I truly admire the business they've built, and we're honored to help them accelerate their growth.'
About Good Done Great
Good Done Great revolutionizes the way corporations and individuals give back to the communities and causes they care about. Through strategic consulting supported by our integrated software solutions, the Good Done Great team helps Fortune 500 and other companies maximize their corporate social responsibility (CSR) programs. Launched in 2009 and headquartered in Charleston, South Carolina (with offices in Tacoma, Washington), Good Done Great was certified as a groundbreaking B Corps in 2012 and incorporated as one of South Carolina's initial B Corporations in 2014. Good Done Great customizes employee engagement and corporate philanthropy platforms for global brands, delivering targeted and measurable impact. More than 800,000 employees currently rely on GDG's innovative tools and more than 60,000 non-profits benefit from Good Done Great's broad philanthropic reach.
To learn more about Good Done Great, visit http://gooddonegreat.com.
About Lighter Capital
Lighter Capital provides $50,000 to $1 million in funding for growing technology businesses looking to accelerate their sales, marketing or product development efforts. Lighter Capital's RevenueLoans are more flexible than traditional loans and equity investments - repayments rise and fall with a business's revenue, there are no personal guarantees and no dilution. Through its proprietary underwriting process, which blends automated analysis with a deep understanding of technology business models, the company has created a new source of capital for growing businesses.
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