- Net Purpose, the first independent evidence base for sustainable investors, has raised £10m in Series A financing
- Environmental Technologies Fund (ETF Partners), a leading climate technology investor, is leading the round along with M-Tech Capital and Exceptional Ventures
- The investment will open up the next growth phase for the sustainable investment platform and expand the customer base.
LONDON, Oct. 12, 2022 (GLOBE NEWSWIRE) — Net Purpose, a platform for sustainable investors, announces it has raised £10m in a Series A round led by ETF Partners after a year of record growth.
The round marks a shift in sustainable investing away from ESG ratings and towards a high-quality evidence base of social and environmental performance. Net Purpose has built the only independent evidence base in the market and today has nearly $50 billion in sustainable funds.
The Series A round will be used to expand its product and team and introduce new features to give all investors a full view of their sustainability through 2025.
New investors M-Tech Capital and Exceptional Ventures joined the round, and existing investors Jim O’Neill, former chairman of Goldman Sachs Asset Management, Kevin Gould, co-founder IHS Markit, the Louis family, Illuminate Financial and Revent joined it Commitment to Net Purpose and to drive sustainable decisions at scale.
A data-driven model for sustainable investing
The shift towards sustainable investing represents the greatest transformation of capitalism the world has ever seen. Under the UN Principles for Responsible Investment, $120 trillion will be committed to sustainable investments, with allocations growing at 22% annually.
However, it remains a major challenge for investors to measure the performance of their portfolio against climate and other sustainable goals. This is in stark contrast to the wealth of financial data that investors can tap into to optimize financial returns, the market of which is currently valued at $33…
