Jesmond startup wins £300k backing through North East Innovation Fund
Donr has received a £300k equity investment from the North East Innovation Fund.
The fund is supported by the European Regional Development Fund (ERDF) and managed by Northstar Ventures. The investment will support Donr’s disruption of the charity giving sector and help the business grow.
Donr’s new platform, tools and approach to charity giving - which match how modern donors want to donate - has seen the company sign up over 800 charities already.
Chris Newell, CEO of Donr, said: “I want to thank Northstar for their backing and support. Donr’s tech for good is having a great impact with charities.
“We’re helping them to raise more money from the digitally-savvy demographic of donors by using our services and that has been recognised by Northstar.”
The Newcastle company has grown to 14 employees and aims to expand further as the investment funds growth. Donr was advised on the investment by Duncan Reid and Nick Gray of Watson Burton LLP.
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