Good Done Great raises $500,000 from Seattle-based Lighter Capital
By Liz Segrist
Charleston Regional Business JournalGood Done Great has raised $500,000 through a business loan from Seattle-based Lighter Capital.
The Charleston technology company provides Fortune 500 companies, including GulfStream, Marriott and Staples, with a cloud-based platform to augment their philanthropy programs.
Its products help corporations manage grants and match employee donations or volunteer hours logged with nonprofits.
“We decided to work on improving the world of giving and move it all online to make it easier. ... It’s all about companies participating more in their communities and supporting their employees and what they care about,” Good Done Great CEO David Barach said.
Barach and company President Earl Bridges knew each other from a previous startup and decided to start Good Done Great from South Carolina and Washington in 2009.
Barach oversees 10 employees in Tacoma, Wash., and Bridges is based in Charleston with 18 employees. The company moved into the Charleston Digital Corridor’s Flagship building in 2012 until it outgrew its space there and relocated to Daniel Island. Barach said the company looks to relocate back to the peninsula as it grows.
The funds from Lighter Capital are Good Done Great’s first outside financing. The co-founders are also in the midst of raising funds through the company’s first angel round, with a goal of securing more than $3 million. Meetings with angel groups in South Carolina are ongoing, the company said.
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