OnHand raises £750k from Northstar Ventures and 24 Haymarket to expand enterprise reach
Northstar Ventures led the round, which will fund platform enhancements and commercial expansion.
OnHand provides a corporate social responsibility platform that connects employees with volunteering and sustainability initiatives. The B Corp certified company helps businesses measure environmental and social impact.
Social impact platform OnHand has secured £750k in a funding round led by Northstar Ventures. The investment comprises £325k from the North East Innovation Fund and £175k from Northstar's EIS Growth Fund, with additional participation from 24 Haymarket. The capital will be directed towards technical upgrades to improve platform gamification and fuel expansion into the enterprise market.
Founded in 2019, the company provides outsourced corporate social responsibility solutions, connecting employees with local volunteering and environmental projects. Recent growth has seen the firm secure a place on Deloitte's Fast50 and build a client roster including Baringa and Rightmove. Total funding raised by the business now exceeds £5m.
From the founder
"Delighted to have the continued support of Northstar Ventures, who invested in OnHand at such an early stage, and 24 Haymarket following their initial investment. The next stage for us is helping even more enterprise businesses deliver incredible social impact in their local communities and building a culture of purpose at work"
Sanjay Lobo
CEO at OnHand
Investor perspective
"It’s no surprise that OnHand is thriving, thanks to their exceptional leadership team. Our investment will support technical improvements to enhance the platform’s gamification and expand user options even further. It will also help the company achieve their ambition of breaking into the enterprise market. We are thrilled to support such an exciting, innovative company, as we recognise the value of corporate volunteering."
Naomi Allen Seales
Investment Manager, Northstar Ventures
Use of funds
- 01Continue product development
- 02Accelerate go-to-market
