Tech business to scale up with £750,000 worth of venture capital backing
Tech-for-good company GWD has secured a £750,000 investment from NPIF Maven Equity Finance, managed by Maven Capital Partners and part of the Northern Powerhouse Investment Fund (“NPIF”), delivered by the British Business Bank.
GWD supports socially minded organisations in the digital transition, accelerating their ability to build stronger relationships with customers and clients.
A flagship product of GWD is its contactless fundraising device, the Donation Station, which uses interactive storytelling and intuitive design to help organisations enhance the donor experience, encouraging engagement, and creating a lasting impression of a fundraising cause.
Headquartered in Sheffield, GWD has deployed hundreds of Donation Stations across the UK. The company is a partner of choice for organisations across the charity, faith, arts, heritage, and corporate sectors, which can include institutions such as libraries, gardens, and museums.
The £750,000 worth of equity will allow GWD to accelerate key product development and add new service lines, so it can continue helping its clients to build long-lasting donor relations even more effectively.
Marek Narkiewicz and Ben Widdows, GWD’s founders, said this investment by Maven is a vote of confidence in their company’s journey.
Alex Rothwell, investment director at Maven, said: “GWD have market leading products in sectors that are rapidly growing, with great potential to expand the business rapidly. I am excited to be working with Marek and Ben and the rest of the team.”
Narkiewicz added: “From the first meeting we were confident that Alex and Maven were the right funding partner for GWD.
“We have a fantastic team and a mission to bring innovative technology to right where it’s needed and Maven immediately saw the value in that. I’m excited to push on with their support and to continue serving our clients.”