A software company that helps charities with their fundraising efforts has received a £325k equity investment from the Cornwall & Isles of Scilly Investment Fund (CIOSIF), via appointed fund manager, The FSE Group.
The CIOSIF investment is matched with funding from private investors and will support the growth of the business. Funds will be used to facilitate the development of new bespoke software, the recruitment of new staff and expansion into overseas markets.
The Kindness of Strangers, based in Liskeard, has created a fundraising platform specifically designed to assist small charities with their biggest challenge – raising money. It is estimated that there are over 400,000 non-profit causes in the UK alone, the vast majority of which operate at a local level, run mainly by volunteers who are not fundraising experts.
Mathew Neville, The Kindness of Strangers CEO, spent many years working in the voluntary sector where he witnessed how small charities play a crucial part in society.
He said: “Smaller charities often miss out on funding opportunities to bigger charities, who can spend more and hire bigger teams. With The Kindness of Strangers, our aim is to level the playing field and give small charities the same expertise and technology as large charities.
“Our platform is already being used to connect with hundreds of UK charities across the UK and we look forward to working with FSE as we put this funding to use, increasing that reach both in the UK and globally.”
