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Net Purpose Raises £10M in Series A Funding
Net Purpose, a London, UK-based provider of a platform for sustainable investors, raised £10M in Series A funding.
The round was led by ETF Partners, with participation from M-Tech Capital and Exceptional Ventures, as well as existing backers Jim O’Neill, former Chair of Goldman Sachs Asset Management, Kevin Gould, Co-Founder IHS Markit, the Louis Family, Illuminate Financial, and Revent.
The company intends to use the funds to expand its product and team, and launch new features.
Led by CEO Sam Duncan, Net Purpose provides data across a range of sustainability themes, including climate, water, waste, gender, financial inclusion, healthcare, and other social themes, and covers companies and all major investment indices. The platform is powered by a combination of AI and human intelligence, which has helped the company to mobilise a crowd of next-generation analysts to ensure it aligns with sustainability standards.
The team includes: Samantha Duncan, Co-Founder & CEO and former Head of Impact at Leapfrog Investments; Dave Wilson, COO and former COO Financial Services at IHS Markit; and Alex Woodham, CTO and former VP Engineering at Constellation AI.