Neighbourly Ltd.

Neighbourly Ltd. is an online platform that connects residents across New Zealand, facilitating community engagement and collaboration while ensuring safety and privacy for its users. Founded in 2014 in Auckland, New Zealand, Neighbourly Ltd. operates as a secure online platform tailored for local community interaction.

In November 2017, Fairfax Media Limited acquired the company for an undisclosed amount. The company has completed three funding rounds, with the latest being an Angel round in which they raised GBP 1. 000 mn, matching their total amount raised. Neighbourly operates as a private and secure online platform designed specifically for residents in New Zealand to connect with their local communities.

The core offerings of Neighbourly include a neighbourhood-focused website where users can engage with their neighbours, share local information, and collaborate on community initiatives. This platform emphasizes safety and privacy by requiring members to verify their identities and use their real names. The end-use cases Neighbourly aims to address involve fostering stronger community ties, improving local safety, and facilitating communication regarding shared resources and events. With over 1,000 neighbourhoods utilizing the platform, Neighbourly serves a diverse client base comprised of individual residents, community organizations, and local leaders across New Zealand, aiming to enhance the quality of life in communities nationwide.

The revenue model of Neighbourly is primarily based on providing a subscription-based platform for local communities and organizations to engage with residents. Through their service, community organizations can interact with residents, disseminate information, and promote events or services tailored to local needs. The transactions within this structure typically involve partnerships with local businesses and community groups that may seek advertising space or enhanced visibility within the platform. Specific pricing plans are tailored to the needs of different community organizations, allowing them to leverage the platform’s capabilities while fostering local engagement.

Neighbourly’s flagship service facilitates an environment where users can easily share information on various topics, from local events to safety concerns, ensuring a comprehensive approach to community development. Future plans for Neighbourly include the continuation of product development aimed at enhancing user engagement and safety features. The recent funding from the Angel round is expected to support these initiatives. Following its acquisition in 2017, the company’s focus will also be on expanding its operations across New Zealand to increase the number of active neighborhoods on the platform.