Sustainability management and ESG reporting platform FuturePlus has closed a follow-on investment round of £750,000.
The London company has built a 150+-strong client list since launching in February 2022. It says these are actively managing their sustainability ambitions in the mission to become better organisations across five themes: climate, economic, diversity & inclusion, social and environment.
The companies come from finance, hospitality, technology, the built environment and retail, including Soho House, Grind Coffee, numerous VC and PE funds, Atlas FM and The Project Management Institute, and partners include International Real Estate Partners (IREP), Diode, Sustainable Spa Association and Expect.ai.
The funding includes further investments from Two Magnolias, Vala Capital and HNW individuals and family offices.
“This fundraise has been conducted in a very challenging economy, but our merits and successes are firmly rooted in the fact that we have an incredibly strong team that is tackling sustainability in a way that’s never been done before,” said Alexandra Smith, co-founder and partner at FuturePlus.
“We’re proud that the VCs we’re working with can see that we are breaking new ground in a global business challenge that is not going away. We believe that approaching sustainability as an ongoing process creates a perpetual space for continual improvement, resilience building and prosperity for all organisations, including our own.”
The firm has grown its workforce by 133% in the past year.
Its platform deconstructs typical ESG measurement processes to focus on practical and realistic action plans that every business can follow successfully across the five themes. Its indicators are made up of 200-300 questions, and are designed to educate companies and business leaders to take incremental steps towards a more sustainable future.
FuturePlus says its strengths lie in onboarding companies from all sectors and of any size, whilst constantly encouraging and educating clients on not only how to be sustainable, but what to do to get there in a timely fashion.
Mike Penrose, co-founder and partner at FuturePlus, added: “This fundraise is a milestone achievement for us at FuturePlus as we are determined to keep building an empathetic company that makes achieving and embedding sustainability accessible for every business, across every sector.
“Our experience with investors has been that because FuturePlus meets a very real need within their own organisations, they buy into it, and we’re especially pleased to be helping numerous VCs and PE houses to monitor and manage the sustainability of their portfolios really simply and easily.”