The Sustainability Group, developers of sustainability management and ESG reporting platform FuturePlus, has raised a seven-figure round of fresh funding.
The follow-on and new investments from Two Magnolias, high-net-worth individuals and family offices – which takes total investment raised to £2.7 million – values The Sustainability Group five-times higher than when it launched three years ago.
It will use the funds to continue to invest into the development of the FuturePlus platform and product portfolio, onboard new staff and sustain client growth through marketing and PR.
Over the past year, FuturePlus has grown its client base by 50% and its workforce by 29%. It currently has over 300 clients from a wide variety of industries, including finance, hospitality, technology, the built environment and retail.
It is rapidly expanding its global footprint, having established a presence in the USA, the Caribbean, Australia, Mauritius and Ukraine, in addition to its existing client base in the UK and EMEA.
Clients using the platform can actively address ESG concerns with accuracy, particularly as the burden of proof becomes ever more prevalent for all stakeholders. These include Soho House, Moda Living Management, Lore Group, London and Regional, England and Wales Cricket Board, Football Foundation, Totally Money, With Intelligence, and partners such as Sustainable Ventures, CorpCare, International Real Estate Partners (IREP) and Sustainable Spa Association.
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FuturePlus has also joined the Virgin StartUp Community alongside other established businesses such as Notion, Krystal, Fiverr, Virgin Money, HubSpot, Sage and Dell Technologies to form a brand new community where early stage startups and entrepreneurs can access guidance, 1:1 mentoring, events and online learning and resources to build their growing businesses.
“Our growth momentum this year has been tremendous, and we’re set to continue on this trajectory thanks to the support of our investors,” said Alexandra Smith, co-founder and partner at FuturePlus.
“The importance of ESG data and insights being both verifiable and forward-looking will only become increasingly important, and we are thrilled that we are addressing this for not only our clients but the capital markets and the new community created by Virgin StartUp.
“They have all recognised the power of FuturePlus’ unique approach to sustainability for businesses of all sizes worldwide and the importance of enabling companies to consistently track, measure and improve their sustainability through incremental and ongoing improvements.”