Everyclick secures £1.5 million from core investor
Howard Lake | 30 April 2007 | News
Everyclick.com, the search engine that gives 50% of its revenues to charities, has raised over half of its £3 million target investment round, with £1.5 million of equity investment coming from Lochside (International) Limited and funds associated with the Fleming family.
As part of the transaction, Lochside (International) Limited has been granted the right to nominate a director on Everyclick’s board.
Polly Gowers, CEO of Everyclick, said “This investment marks a significant and exciting new phase in Everyclick’s increasingly rapid development. We are delighted to welcome investment partners of such high calibre and reputation and we look forward to Sandy Loder joining our board.
Advertisement
Launched in June 2005, Everyclick has over 51,000 registered users and 690 corporate users. The site has delivered over 30 million searches so far and has already raised over £180,000 for charity through advertising driven revenue. At the end of March 2007 it is the ninth largest search engine in the UK by market share, according to online intelligence service Hitwise UK.
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.