Tesel raises £320k in a pre-seed round led by Jenson Funding Partners to advance product development.
The pre-seed round was led by Jenson Funding Partners and angel investors to fund product development and team expansion.
Share allotment filed at Companies House
Tesel provides a B2B software platform that consolidates environmental, social and governance assessments, tracking tools and resources into a single hub.
Tesel has secured £320k in a pre-seed round led by Jenson Funding Partners alongside angel investors. The fresh capital will be directed towards product development, commercialisation, and team expansion to support the company as it enters its next phase of growth.
Founded in response to the complex challenges small and mid-sized enterprises face when completing sustainability questionnaires for major clients, the platform consolidates tracking technology and assessments into a single location. The funding arrives as regulatory requirements, such as the European Union corporate sustainability reporting directive, increase pressure on firms of all sizes to disclose performance metrics.
Investor perspective
"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."
Sarah Barber
CEO, Jenson Funding Partners
Use of funds
- 01Continue product development