Manufacture 2030, an Oxford, UK-based provider of a SaaS platform and support services to measure, manage, and reduce their environmental impacts, cut costs, and reduce risks, raised £5 million in Series A funding.
The round was led by Maven VCTs, which invested £3 million, alongside Amati AIM VCT, which invested £2 million.
The funding will be used to capitalize on opportunities in key global markets, including pharmaceutical, retail, automotive, and consumer packaged goods while expanding into carefully selected new sectors.
The investment will also be used to accelerate product development, adding new functionality to its innovative, proprietary software platform, and scaling its go-to-market capacity across North America and continental Europe.
Martin Chilcott, Chairman, and CEO at M2030, said, “We are delighted by the support of Maven and Amati to help us build on the huge success we have experienced over the past few years. This investment will help us to scale our organization more rapidly and accelerate our work to help manufacturers across the world decarbonize in line with climate targets. We are looking forward to this next phase in M2030’s journey and continuing to play our part in tackling the greatest challenge of our time.”
M2030’s highly scalable SaaS platform and support services enable suppliers to measure, manage and reduce their environmental impacts, cut costs, and reduce risks, all while helping their customers meet their climate goals.
Its suite of tools and best-practice data enables suppliers to baseline waste, water, and GHG emissions at the site level and then build and implement detailed reduction plans to achieve science-based net-zero targets.
M2030’s platform currently supports thousands of suppliers in over 70 countries convened by more than 30 global supply chain programs, including those of Asda, Bayer, Ford, GSK, Reckitt, and Toyota.
Company: Manufacture 2030
Raised: £5.0M
Round: Series A
Funding Month: March 2023
Lead Investors: Maven VCTs
Additional Investors: Amati AIM VCT
Company Website: https://manufacture2030.com/
Software Category: ESG Data Platform
About the Company: Manufacture 2030 is a technology company that works with some of the world’s biggest businesses to drive environmental footprint reduction in global supply chains. The company offers a SaaS platform to measure and reduce carbon footprint to companies in the manufacturing and supply chain companies. Their software improves operational efficiency and resource utilization while reducing costs. Manufacture 2030 is accessible to businesses of all sizes, helping franchises, corporates, and SMEs to engage their supply chain and drive improvement via waste, water, energy, and cost reduction.
Source: https://manufacture2030.com/insights/news/2023/03/manufacture-2030-raises-5-million-in-series-a-investment-round