Bristol-Based ‘Giving Platform’ Neighbourly Raises £1.6M
05/27/22, 10:32 AM
Location
Money raised
£1.6 million
Round Type
seed
Community investment platform Neighbourly has raised £1.6m in an accelerator investment round led by Guinness Ventures.
Company Info
Location
bristol, pennsylvania, united states
Additional Info
“The new investment will allow us to reach more businesses to help them develop and deliver their social and environmental programmes, and benefit many more local communities,” added Butterworth.Founded in 2014, the latest funding follows Neighbourly’s £3m Series A round in March last year bringing the total funding to date up to £8m.Ashley Abrahams, fund manager, Guinness Ventures said: “We have been working alongside Neighbourly for just over a year now, and in just this short space of time, the platform has grown to support over 20,000 community organisations.”The round also saw participation from existing angel investors.Neighbourly was recently given the Queen’s Award for Enterprise in the innovation category.Guinness Ventures which is a part of London-based Guinness Asset Management was founded in 2003 and manages over £4bn in investments.Last year saw Guinness Asset Management led the £5m Series A round for the London-based AI platform Distributed. Neighbourly will use the funding for hiring as well as brand and product development.