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Web start-up Neighbourly rasies £1 million from angel investors to bolster senior team and hire more engineers

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Written by: Gavin Thompson | Posted 22 July 2015 14:03

Web start-up Neighbourly rasies £1 million from angel investors to bolster senior team and hire more engineers
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A Bristol digital start up has raised £1 million in funding from angel investors.

Neighbourly is a social network with a difference, connecting companies with local community projects. It makes it easier for businesses to be good neighbours by finding local projects to support.

Today the company, based at the Engine Shed in Bristol and Innovation Centre in Bath, announced it has completed its third round of fund raising more than £1 million.

It will use the money in part to strengthen its leadership team.

It has already made new appointments of Annette Mercer as head of operations and Lloyd Buxton as head of client engagement.

And the company has now added experienced technology entrepreneur David Eldridge to the board as a non-executive director.

David previously founded Alterian Technology taking it through the process of an floating on the stock exchange, from an initial public offering (IPO) to being a fully listed UK business.

He joins founder Nick Davies, executive chairman Luke McKeever, and investor director Chris Kelly on the Neighbourly board.

The company will also hire more engineers to speed up product development and plans to expand internationally, work with the food industry on redistributing leftovers and a better mobile website.

Chairman Luke 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.”

Founder Nick added: “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.”

Neighbourly already has some big customers, including Marks & Spencer and Starbucks.

Since the launch in July 2014, Neighbourly clients have pledged some £1,915,452 and 6,657 volunteer days and have already backed 221 causes.

Pictured: Neighbourly COO Zoe Colosimo and founder Nick Davies

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