
Lightning Social Ventures
Enabling charities and public sector organisations to quickly verify and process grants for millions of people in financial hardship.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
investor | €0.0 | round | |
N/A | €0.0 | round | |
investor investor investor | €0.0 | round | |
* | £1.0m | Seed | |
Total Funding | 000k |
USD | 2022 | 2023 |
---|---|---|
Revenues | 0000 | 0000 |
% growth | - | 11 % |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Lightning Reach is a social impact startup that operates a financial support portal designed to simplify access to various forms of financial aid, such as grants, benefits, and bill assistance. The company was founded during the COVID-19 pandemic with the mission to help individuals and families who are financially struggling. By leveraging innovative technology, Lightning Reach aims to make the process of finding and applying for financial support more efficient and user-friendly.
The primary clients of Lightning Reach are individuals who are financially vulnerable and in need of support. This includes people who may not be aware of the benefits and grants available to them or find the application processes too complex to navigate. The company serves the UK market, where over 17 million people are financially vulnerable and often miss out on available support due to lack of awareness and complicated application procedures.
Lightning Reach operates on a business model that focuses on social impact. It partners with various grant providers and organizations to offer a centralized platform where users can access multiple forms of financial aid in one place. The company makes money through partnerships and possibly service fees from organizations that benefit from the streamlined application process. By saving time and reducing administrative burdens for both beneficiaries and grant providers, Lightning Reach creates value for all parties involved.
In summary, Lightning Reach is dedicated to empowering individuals to build lasting financial resilience and wellbeing by making it easier to access essential financial support.
Keywords: financial support, grants, benefits, bill assistance, social impact, technology, UK market, financial resilience, COVID-19, vulnerable individuals.