Needi raised £895,000 in a seed funding round led by Clarendon Fund Managers to enhance their gift matching algorithm for corporate clients.

Oct 24, 2024•about 1 year ago

Amount Raised

£895,000

Round Type

seed

ManchesterArtificial IntelligenceE Commerce

Investors

British Business BankTechstart VenturesClarendon Fund Managers

Description

Needi, a female-founded tech start-up based in Armagh, has successfully raised £895,000 in a seed funding round. This investment will support their innovative platform that combines AI technology with human expertise for sustainable corporate gifting.

Company Information

Company

Needi

Location

Manchester, Greater Manchester, United Kingdom

About

needi provides a complimentary, concierge gift-matching service using psychology and AI, to pinpoint the perfect gifts and experiences for your recipient, from the best, local independent businesses. Our team of expert gift finders, specialise in saving companies time and money sourcing hugh quality, personal gifts and experiences from the UK's best independent businesses. From thank you gifts for small start-ups to well being events for FTSE 100 companies, needi helps companies motivate and retain the best staff and clients, through thoughtful, affordable gifting, events and experience days. We exist to multiply happiness globally through meaningful and responsible gifting. Our vision is to eliminate waste from the gifting economy and support the livelihoods of independent business owners all over the world.

Related People

2 contacts

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends