Needi
Latest round
- Seed
Last raised
- Nov 2024
Total raised
- $2.9M
Investors
- 3
About Needi
Needi Ltd, headquartered in Manchester, UK, was founded in 2020 by Stephanie Scholes. The company focuses on offering personalized gift suggestions to customers based on their recipients' preferences.4 million.Needi primarily operates as an online gifting platform that offers a unique Gift Finder service, designed to simplify the gift selection process for customers. The core offering allows users to receive personalized gift suggestions tailored to their recipients' preferences, based on responses to a series of questions. This service alleviates the stress of gift shopping, targeting busy individuals seeking appropriate gifts for occasions such as birthdays, anniversaries, and holidays. Needi caters to a diverse customer base, including consumers looking for gifts for friends, family, and business associates. The platform emphasizes sustainability by partnering with local vendors and merchants, thereby supporting the community and offering environmentally conscious gift options.Needi's revenue model is primarily based on direct-to-consumer transactions facilitated through its online platform. Customers utilize the Gift Finder service without any upfront fees, and once they select gifts from the curated suggestions, purchases are made directly through the website. Revenue is generated from the sale of various gift categories, including personalized gifts, experiences, and products from sustainable suppliers. The transaction structure involves individual product purchases rather than subscriptions or wholesale partnerships, with customers engaging in one-time transactions. Specific markets targeted for expansion include Germany and France, with efforts expected to commence in early 2025.
Who invested in Needi
3 investors across 2 rounds
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Questions about Needi
Who invested in Needi?
Needi has 3 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Needi raised?
Needi has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Needi last raise money?
Needi's most recent round on record is a Seed, in Nov 2024.
What does Needi do?
Needi Ltd, headquartered in Manchester, UK, was founded in 2020 by Stephanie Scholes.
Where is Needi headquartered?
Needi is headquartered in Manchester, UK.
Which VCs invest in companies like Needi?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Balderton Capital back retail companies at Needi's stage. Their profiles are linked below.
VCs backing retail startups at Seed
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