Indianapolis Startup Secures Funding to Advance Platform, Grow Team
INDIANAPOLIS — Selflessly, a Certified B Corp focused on corporate philanthropy and social responsibility, today announced that it has raised a round of funding led by Indiana Spine Ventures with participation from Elevate Ventures, Next Community Impact Fund, and support from current and new investors in the technology and philanthropic sectors.
The Selflessly platform allows purpose-driven companies and their employees to demonstrate and track social responsibility through workplace giving, volunteer opportunities, and nonprofit grants.
The new round of funding will allow Selflessly to further grow its team, increase brand awareness, and launch features that enhance employee participation and employer insights.
“As a team, every morning in our standup, we speak to our gratitude for the day. It’s an awesome practice and a great way to learn more about each other. With this funding, we are incredibly grateful for every one of our investors that have supported us and continue to do so,” said Zach Rodenbarger, Co-founder and COO of Selflessly.
“Small and even big companies struggle initiating, building, managing and growing planned corporate giving, whether hours or money” commented Mark Gramelspacher, entrepreneur-in-residence at Elevate Ventures. “With its passionate and committed team, Selflessly will continue to find more companies to help with what turns out to be a complex and challenging problem.”
Co-founder and CEO Josh Driver said growth in 2021 already has more than doubled from 2020. Selflessly recently expanded its workforce and acquired Employee Vitals, a Kansas City-based company.
Selflessly was formed in 2017 as part of Indy Do Day, an initiative that promotes community service. In 2018, the company joined the gBETA accelerator cohort to develop its software, which launched publicly in 2020.
“The opportunity to develop and enhance corporate philanthropy initiatives has been such an honor,” said Driver. “As an LGBTQ founder, the investment and support our community has provided means so much more to me and hopefully will inspire more underrepresented founders to stay in Indiana and grow their business.”