QVentures led the pre-seed financing to support international expansion and product development.
"We are absolutely delighted to have QVentures back us on our mission to help revolutionise how career advice is accessed and to improve social mobility across competitive industries around the world. The backing from QVentures will allow us to expand into new industries, additional geographies and to further develop the product to help accelerate the adoption of this new form of career mentoring."
The pre-seed round was backed by Fuel Ventures and Scalebridge Capital to support product development and international growth.
"This investment is the next step on Spendkey’s journey, and it will provide us with the financial resources we need to enhance our platform’s user-friendly workflows and carbon reduction features. We’re thrilled to partner with Fuel Ventures and Scalebridge Capital to continue our mission to provide tangible spending insights, accelerating and automating decisions."
The pre-seed round was led by Jenson Funding Partners and angel investors to fund product development and team expansion.
"In spite of increasing pressure from investors and regulators alike to put ESG on top of the priority list, the market itself is crowded and chaotic, with a lack of consensus on what is really needed to be ESG compliant. The upcoming Corporate Sustainability Reporting Directive (CSRD) from the EU has put pressure on businesses of all sizes to be more diligent in ESG reporting. However, this is tiresome and expensive, particularly for SMEs. Tesel stood out to us as it offers a clear, concise solution, by directly connecting ESG-focused buyers and suppliers on the supply chain. We believe its easy-to-use, easy-to-access platform will become the de facto resource for businesses to ensure the correct ESG standards are being put in place."
