Creating a leading provider of next-generation SaaS solutions to the social good ecosystem


  • Technology
  • Year of investment
  • Fund
    Apax X/AGI
  • Status

In 2021, Apax X acquired and merged EveryAction, Social Solutions and CyberGrants, three leading software companies serving nonprofits and their supporters, to
create Bonterra, the fastest-growing social good software company in the world.

Apax’s focus on creating a positive impact, coupled with the Tech team’s deep expertise in vertical enterprise software, uniquely positioned Apax to identify these three leading assets in adjacent segments of the social good software landscape.


Transaction highlights:

  • Acquisition and merger of three software companies, creating a new social good software platform of scale
  • Bonterra supports a network of 650,000 nonprofit organisations, and over 38 million donors and volunteers, helping match nonprofits seeking more donations with individuals, foundations and companies looking for opportunities to help
  • Ties closely with Apax’s long-standing focus on ESG and impact outcomes

Investment thesis

Apax X will look to create a next-generation social good market leader and to scale the three companies’ unique offerings, improve their support for nonprofit organisations, and increase the collective value proposition for customers.

Leveraging the OEP’s know-how and experience, the Fund will work with the company to:

Support integration

Support the integration and value creation efforts, including go-to-market strategy and execution.

Support product innovation

Support product innovation and cross-sell opportunities.

Accelerate growth

Accelerate growth in both software and payment revenue.

Focus on opportunities

Focus on strategic and transformative M&A opportunities to drive industry consolidation.

Bonterra has significant scale and is well positioned to drive innovation and progress in the social good space, with the potential to completely reshape the sector.