Neighbourly Secures £1M Investment

Neighbourly, an AngelLab portfolio company, has completed its third round of fund raising of in excess of £1 million from angel investors.

Neighbourly is an internet platform that connects local community projects with companies which want to make a difference. The funds will be used to strengthen the Neighbourly senior leadership team; and also 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.

Nick Davies, Founder and CEO, 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.”