The pre-series A round was led by 24Haymarket with backing from Northstar Ventures, UKRI, and Dhiraj Mukherjee.
"Whilst most companies have some form of volunteering or a social good program, typically engagement is really low. We solve that by making doing good bite-size, on-demand and based on your exact location with off-the-charts employee engagement results. That’s because the world wants to do good: we’ve just made it so much easier. This raise lets us help businesses everywhere deliver incredible impact."
The London based sustainability consultancy has secured £2.1m in new funding to support its growth across key global markets.
"I look forward to working with our new investors and unlocking value through the synergies afforded to Minviro as a result of their industry relationships. The need for understanding and managing impact is greater than it has ever been. This investment takes us a big step closer to our vision of a world where all ingredients of modern technology are produced with consideration and minimal effects on the environment."
Base10 Partners led the round to support platform development and international expansion.
"While working in fashion, it became clear to me that e-commerce was the future, but 2D websites were merely a tool that enabled an online purchase, but were lacking the customer journey and story-telling that brands are after. The solution was to bridge that gap, with the aim of making virtual experiences into the future of brands’ long-term e-commerce strategy."
DSW Ventures led the investment into the Leicestershire software firm alongside Jenson Funding Partners.
"We were immediately drawn to the scale and speed of growth that Andy and Kieran had achieved with minimal capital, as well as the potential of their product in an underserved area of the SEO market. We are delighted to support such a talented founder team from another very exciting regional software company."
The seed financing was led by Soma Capital and FoundersX with additional backing from Clear Haven Capital Management.
"Since securing our pre-seed funding and completing the Y Combinator programme, the total value of invoices we’re handling every month has increased tenfold. Traction is growing fast because suppliers and business buyers alike simply understand and like what Tranch can do for them. Against this challenging macroeconomic backdrop, buyers and suppliers have to ensure they can optimise their working capital cycle, and B2B BNPL is a commonsense way to achieve that. With our new investors and substantial credit facility in place, we’re in a great position to continue our growth in the US market out of our New York office so that every SMB that needs it can ‘pay with Tranch’ – flexibly and on their own terms."
