Neighbourly secures £3m Series A funding from Guinness Asset Management to accelerate growth
Guinness Asset Management led the Series A round to support product development and team expansion.
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 £3m in Series A funding from Guinness Asset Management to support its ongoing expansion. The capital will be deployed towards accelerating product development, growing the team and facilitating international reach as demand for local ESG solutions increases. Guinness Fund Manager Ashley Abrahams will join the board of directors as part of the transaction.
The platform, which launched in 2014, works with corporate brands to channel resources into thousands of vetted charities across the UK and Ireland. The recent financing follows three years of robust growth for the B Corporation amidst heightened corporate focus on sustainable social value.
From the founder
"We are delighted to welcome Guinness to the Neighbourly team and for Ashley to join us on the board. He immediately understood the Neighbourly proposition and the value it delivers for businesses and local good causes alike, against the backdrop of the rapidly evolving ESG landscape. Our strong belief is that businesses must prioritise the proven power of local good causes, who are the backbone of our communities. A thriving community and resilient population of hyper-local causes is vital to the success of both society and the economy."
Steve Butterworth
CEO at Neighbourly
Investor perspective
"Guinness is extremely pleased to be supporting Neighbourly during this exciting time of growth, expansion, and product development. Neighbourly has a unique proposition that can make a real difference to local community engagement, is ideally placed to address key components of the corporate ESG agenda and help businesses deliver long term sustainable growth that is beneficial for all stakeholders. Steve and the team have been very successful in driving the company forward over the last three years and we very much look forward to working with them as they embark on the next stage of their growth."
Ashley Abrahams
Guinness Asset Management
Use of funds
- 01Continue product development
- 02Grow the team
- 03Expand into international markets
Investors
About the company
Neighbourly
Community investment and engagement platform connecting businesses with local causes.