needi Secures £1.4m Seed Funding to Revolutionise Corporate Gifting
Deal News | Nov 19, 2024 | Business Cloud
Manchester-based startup needi.co.uk has successfully secured £1.4 million in seed funding. Founded in 2021, the company is focused on providing unique and sustainable corporate gifts and branded merchandise sourced from local, independent businesses. Key contributors to this seed round include Clarendon Fund Managers, Techstart Ventures, and angel investors such as tech founders and executives. With over £1m in sales generated for local businesses, needi works with major clients like Meta, Spotify, Intuit QuickBooks, and Amazon. The founders aim to align their offerings with client ESG and sustainability goals. Claudine Owens, an investment manager at Clarendon Fund Managers, expressed excitement about the potential impact of needi’s innovative approach on corporate gifting strategies.
Sectors
- Corporate Gifting
- Venture Capital
Geography
- United Kingdom – needi is a startup based in Manchester, UK, and the investment involves UK-based venture capital firms and angel investors.
Industry
- Corporate Gifting – The article centers on needi, a company specializing in providing unique and sustainable corporate gifts and branded merchandise.
- Venture Capital – The funding round was supported by venture capital firms such as Clarendon Fund Managers and Techstart Ventures.
Financials
- £1.4 million – The total amount of seed funding raised by needi.
- Over £1 million – The sales generated by needi for local businesses.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| needi.co.uk | Target company | Company | A corporate gifting tech startup founded in 2021, focused on unique, sustainable products. |
| Clarendon Fund Managers | Investor | Company | A venture capital firm that contributed to needi's seed funding round. |
| Techstart Ventures | Investor | Company | A venture firm that participated in needi's seed funding. |
| Louise Doyle | Co-founder | Person | One of the female founders of needi. |
| Steph | Co-founder | Person | One of the female founders of needi. |
| Claudine Owens | Investment Manager | Person | An investment manager at Clarendon Fund Managers involved in the funding round. |