FuturePlus raises £750k from Two Magnolias and Vala Capital to expand its ESG platform
The funding round was led by Two Magnolias and will support platform development and team expansion.
FuturePlus provides a digital platform that helps organisations measure, manage, and report on their environmental, social, and governance performance.
London-based sustainability platform FuturePlus has secured £750k in an up-round of funding. The investment was led by Two Magnolias, with participation from Vala Capital alongside various high-net-worth individuals and family offices.
Launched in February 2022, the company has now raised over £1.6m in venture capital and expanded its headcount by 133% over the past year. The new capital will be directed towards growing staff capacity, enhancing the platform, and driving client acquisition through marketing and PR.
The platform currently supports more than 150 clients across sectors such as finance, hospitality, and retail, offering tools for carbon footprint calculation, supply chain monitoring, and ESG reporting automation.
From the founder
"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. 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."
Alexandra Smith
Co-Founder and Partner at FuturePlus
Investor perspective
"As one of our most recent investments, the Sustainability Group is showing great momentum, growing quickly and actively seeking new opportunities to help businesses around the world manage and track their ESG sustainability goals via its powerful platform, FuturePlus. Two Magnolias has a clear focus on maintaining a balanced portfolio of founders, which means we were especially keen to work with Alex and Mike who bring different, yet complementary skills to the table. They are a powerful, dynamic force, highly motivated to bring about real, tangible change in the world, which aligns perfectly with our own values."
Jessica Rasmussen
Co-Founder and CEO, Two Magnolias
Use of funds
- 01Grow the team
- 02Continue product development
- 03Invest in sales and marketing
Investors
Categories
About the company
FuturePlus
A sustainability management and ESG reporting platform for businesses.