Neighbourly, the community impact and giving platform, has secured funding from private equity firm Palatine through its Growth Credit Fund to support its continued expansion and accelerate the development of its embedded AI capabilities.
Neighbourly connects businesses with small charities and community organizations, enabling the donation of surplus food, products, volunteer time and financial support. The platform helps companies to maximize their community impact and track their contributions’ social and environmental value in real-time for ESG reporting.
Since its launch in 2014, Neighbourly has facilitated nearly £1 billion in impact to local communities and was one of the first companies in the United Kingdom to achieve B-Corp status.
The Palatine Growth Credit Fund targets high-growth companies experiencing double-digit year-on-year revenue growth in sectors such as cyber, fintech, SaaS, healthtech, medtech, AI and advanced manufacturing, with a focus on businesses based in the United Kingdom.
Palatine Managing Partner WIllian Chappel said in a statement: “As a fast-growing, regionally-headquartered, tech businesses with a top-class management team and VC-backing, Neighbourly is a perfect fit with the Growth Credit Fund’s mission to support ambitious businesses outside of London with tailored growth capital.”
