Oxford-based Manufacture 2030 has raised £5 million in an effort to press forward with product development and close some deals. Similar to any number of carbon capture and/or GHG emissions reductions tools players on the market, Manufacture 2030 provides brands, corporations, and their SME suppliers with “the data, tools, and support they need.”
Previously crowdfunded in 2018 and 2020 to the tune of £298,800, Manufacture 2030’s newest funding arrives via a £3 million investment from Maven Capital Partners, and £2 million from Amati AIM VCT.
According to the startup, their platform is in use by “thousands” of suppliers in over 70 countries that are instrumental in more than 30 global supply chain initiatives, including those of Asda, Bayer, Ford, GSK, Reckitt, and Toyota.
With the fresh capital, Manufacture 2030 aims to capitalise on commercial opportunities, particularly in the pharmaceutical, retail, automotive and consumer packaged goods sectors.
Founded in 2018, Manufacture 2030 was named to the Gartner Cool Vendor list in 2022, became a World Economic Forum Tech Pioneer in May of the same year, and was named in the ProcureTech100 for the second year running.
“The manufacturing sector and its 17 million factories are responsible for a third of global energy consumption and 36% of carbon emissions. As a result, sustainability has become increasingly prominent in the agenda of corporate decision-makers and solutions such as M2030’s are playing a critical role in helping manufacturers to become more resource efficient and minimise their environmental impact,” commented Maven’s investment director Luke Matthews.