Member Article

Neighbourly completes £1 million angel fund raising

Neighbourly.com – the internet platform that connects local community projects with companies which want to make a difference – today announced it has completed its third round of fund raising of in excess of £1 million from angel investors.

These funds will be applied to strengthen the Neighbourly senior leadership team, with the new appointments of Annette Mercer as Head of Operations and Lloyd Buxton, Head of Client Engagement, having been already announced.

Additionally, Neighbourly will now grow its engineering team to accelerate the Neighbourly product roadmap, including adding new capabilities to support internationalisation, food re-distribution and a fully responsive front-end design to optimise the platform for mobile devices.

Experienced technology entrepreneur David Eldridge also joins the board of Neighbourly as a non-executive director. Eldridge previously founded technology business, Alterian Technology taking it through the IPO process, to a fully listed UK business. Eldridge joins Founder Nick Davies, Executive Chairman Luke McKeever, and Investor Director Chris Kelly, on the board of Neighbourly.

Luke McKeever, Executive Chairman, Neighbourly said: “The latest funding round has allowed us to add talented professionals to the leadership team, and speed up our development and international launch. In parallel we have assembled a top class board to guide the business as it grows. Awareness among both causes and businesses is gaining momentum. This new investment enables us to increase rapidly the number of causes and businesses benefiting from our platform.”

Nick Davies, Founder, Neighbourly 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.”

This was posted in Bdaily's Members' News section by Neighbourly .