Neighbourly secures £1.6m Series A follow-on funding led by Guinness Ventures
The capital will support team expansion and product development as demand for corporate ESG solutions grows.
Neighbourly is a community investment and engagement platform that connects businesses with local charities and causes. The company helps organisations manage volunteer time, financial donations, and surplus product distribution.
Neighbourly has secured £1.6m in a Series A follow-on funding round led by Guinness Ventures. The platform plans to direct the new capital towards expanding its team and accelerating product and brand development.
Founded in 2014, the company connects commercial enterprises with local community organisations to channel volunteer hours, financial support, and surplus goods. Demand has risen over the past year as businesses face increased pressure to deliver on environmental, social, and governance objectives.
The firm recently received a Queen's Award for Enterprise in the innovation category and estimates that its platform assists more than 7.6m people across the UK and Ireland weekly. Recent additions to its client roster include Virgin Media O2, Sainsbury's, and Getir.
From the founder
"The last few years have been incredibly tough for local communities and businesses alike. For Neighbourly to have been able to grow a technology solution that’s enabled organisations to have a positive impact at a local level during this time signals a changing world in which being a successful business is being one that is a force for good."
Steve Butterworth
CEO at Neighbourly
Investor perspective
"This latest investment, into one of UK’s founding B corporations, is a testament to its sustained growth and strong business model."
Ashley Abrahams
Fund Manager, Guinness Ventures
Use of funds
- 01Grow the team
- 02Continue product development
Investors
About the company
Neighbourly
Community investment and engagement platform connecting businesses with local causes.