Community platform Neighbourly secures £1m angel funding
Marks & Spencer and Starbucks among businesses which have used website to contribute to community projects
Neighbourly, an online platform connecting local community projects, has raised a further £1m in angel funding to accelerate its growth plans.
Launched in 2014, the website brings together local community causes, projects and charities with companies that can help by contributing their time, resources or funding.
Corporations such as Marks & Spencer and Starbucks, as well as small and medium-sized businesses active in local communities, have used the platform to pledge more than £1.9m and 6,657 volunteer days, backing 221 causes.
The funds will be used to enhance the company’s leadership team, with the appointment of Annette Mercer as head of operations, and Lloyd Buxton as head of client engagement.
It also plans to invest its engineering team for product development, including the addition of new capabilities to support the site internationally, food re-distribution and optimising the platform for mobile devices.
Technology entrepreneur David Eldridge, who founded Alterian Technology, will join the board as non-executive director.
Neighbourly founder, Nick Davies, said: “Our new investors are all seasoned business people who recognise the strength of the Neighbourly proposition. Our purpose is to help social causes by allowing businesses to collaborate, both with local communities and with each other, while also being able to better measure the impact of their giving programmes.
“If we can make it easy to contribute, and better prove the value of giving, businesses will be motivated to help more.”