Envested

Your employees want to do good. This company's here to help

Founder:
Isa Watson, 29
2016 Revenue:
Undisclosed
Industry:
Software
Location:
New York CityNY 
Founded:
2015
5
Raised:
$760,000

Businesses are increasingly recognizing that charitable giving and volunteer opportunities are an important way to attract and engage employees. But few resources exist to easily organize and track those activities in one place. Envested, a New York City-based startup, wants to change that. The software company makes it easy for employees to get involved in charity projects and launch their own, as well as reducing the time businesses need to spend on attendant administrative tasks. Isa Watson, a former chemist at Pfizer and executive at JPMorganChase--and an accomplished classical pianist on the side--founded Envested in 2015. The five-person company began generating revenue through software subscriptions at the end of last year, and projects revenue to rise to more than $700,000 in 2017. It has raised $760,000 in funding from investors including Newark Venture Partners, which also recently accepted the startup into its accelerator program. Envested currently has about 100 local nonprofit groups on its roster. So far, its software is proving to be a hit: An average of 50-65 percent of customers' employees use it, four to six times the adoption rate for products from Envested's competitors. --Doug Cantor

MORE COMPANY INFORMATION

Website:
envested.org